Standard deviation of the number of properties, Accounting Basics

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Standard deviation of the number of properties

Problem:

A real estate agent has 10 properties that she shows. She feels that there is a 10% chance of selling any one property during a week. The chance of selling any one property is indepedent of selling another property.

Required:

Question: What the standard deviation of the number of properties sold each week?

Note: Show supporting computations in good form.

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Accounting Basics: Standard deviation of the number of properties

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Accounting Basics: Standard deviation of the number of properties

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