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