gets a bonus of 50% of their monthly salary. What is the new mean and standard deviation after the bonus has been added? A. Mean = 16 000, Standard deviation = 3 450 B. Mean = 16 000, Standard deviation = 2 300 O C. Mean = 24 000, Standard deviation = 2 300 O D. Mean = 24 000, Standard deviation = 3 450
gets a bonus of 50% of their monthly salary. What is the new mean and standard deviation after the bonus has been added? A. Mean = 16 000, Standard deviation = 3 450 B. Mean = 16 000, Standard deviation = 2 300 O C. Mean = 24 000, Standard deviation = 2 300 O D. Mean = 24 000, Standard deviation = 3 450
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 22SGR
Related questions
Question
![The mean monthly net salary of all employees at a medium sized company based in Durban
is R16 000 and the standard deviation is R2300. During the month of December 2022, the
company decides to award a bonus to its employees. In addition to their salary, each employee
gets a bonus of 50% of their monthly salary. What is the new mean and standard deviation
after the bonus has been added?
A. Mean = 16 000, Standard deviation = 3 450
B. Mean = 16 000, Standard deviation = 2 300
O C. Mean = 24 000, Standard deviation = 2 300
O D. Mean = 24 000, Standard deviation = 3 450](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75ef029c-a793-4687-bd4e-5a8e709aedfc%2F05577771-1011-4555-9d9f-5f63d774ca18%2Fwqupu6w_processed.png&w=3840&q=75)
Transcribed Image Text:The mean monthly net salary of all employees at a medium sized company based in Durban
is R16 000 and the standard deviation is R2300. During the month of December 2022, the
company decides to award a bonus to its employees. In addition to their salary, each employee
gets a bonus of 50% of their monthly salary. What is the new mean and standard deviation
after the bonus has been added?
A. Mean = 16 000, Standard deviation = 3 450
B. Mean = 16 000, Standard deviation = 2 300
O C. Mean = 24 000, Standard deviation = 2 300
O D. Mean = 24 000, Standard deviation = 3 450
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Big Ideas Math A Bridge To Success Algebra 1: Stu…](https://www.bartleby.com/isbn_cover_images/9781680331141/9781680331141_smallCoverImage.jpg)
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Big Ideas Math A Bridge To Success Algebra 1: Stu…](https://www.bartleby.com/isbn_cover_images/9781680331141/9781680331141_smallCoverImage.jpg)
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt