1. Business
  2. Economics
  3. please show your works...

Question: please show your works...

Question details

(1) (5 pts) Let X denote the annual salary of scientists in the United States, measured in thousands of dollars. Suppose that E[X]52.5 and that the standard deviation of X is 12.5. Let Y denote the annual salary of scientists in the United States measured in dollars. What is E Y] and what is the standard deviation of Y?

Please show your works

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution