A test consists of 100 multiple choice questions, each with five possible answers, only one of which is correct. Find the mean a
nd the standard deviation of the number of correct answers. mean: 20; standard deviation: 4 mean: 20; standard deviation: 4.47 mean: 50; standard deviation: 7.70 mean: 50; standard deviation: 4
The formula to figure residual value follows: Residual Value = The percent of the cost you are able to recover from the sale of an item x The original cost of the item. For example, if you purchased a $1,000 item and you were able to recover 10% of its cost when you sold it the residual value is $100!!