Concept explainers
To find: The
Answer to Problem 1.1CYU
The mean and standard deviation are $550 and $471.50 respectively.
Explanation of Solution
Given:
Bonus on each day is $500
Mean is 1.1
Standard deviation is 0.943.
Calculation:
The mean and standard deviation of Y can be calculated as:
Thus, the required mean and standard deviation are $550 and $471.50 respectively.
Chapter 6 Solutions
The Practice of Statistics for AP - 4th Edition
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