1. Lola is in the process of forecasting the sales growth rate for an early-stage venture specializing in the production of durable running shoes. Lola predicts a .2 probability of an 80% growth in sales, a .3 probability of a 60% growth in sales, a .4 probability of a 40% growth in sales, and a .1 probability of a 10% decrease in sales.
What is the Standard Deviation for Lola in the previous problem?
Above 40%
Between 30-40%
Between 20-30%
Below 20%
2. Which of the following statements is / are correct?
1. For an income tax itemizer, medical expenses are fully deductible if prescribed by a doctor.
2. For an income tax itemizer, the cost of a professional to prepare the federal income tax return is fully deductible.
1 only
2 only
Both 1 and 2
Neither 1 nor 2