The annual salaries of three employees at Maxton Office Resources are $20,000, $25,000, and $30,000. If each of these employees receives a 3% raise, how does that affect the mean of these salaries? How does it affect the standard deviation?
A. The mean of these salaries becomes 1.03 times larger.
The standard deviation remains the same.
B. The mean of these salaries remains the same.
The standard deviation remains the same.
C. The mean of these salaries becomes 1.03 times larger.
The standard deviation becomes 1.03 times larger.
D. The mean of these salaries remains the same.
The standard deviation becomes 1.03 times larger.
E. None of these choices.
Answer: C
You might also like to view...
When columns do not line up in Word, you can insert a(n) ________ to end a column so that the columns line up
Fill in the blank(s) with correct word
Changes to default settings in Word 2010, apply to ________
A) Excel, PowerPoint, and Access B) all of Microsoft programs C) only Word D) only Excel and PowerPoint but not to Access