The average price of an instrument at a small music store is $325. The standard deviation of
Question:
The average price of an instrument at a small music store is $325. The standard deviation of the price is $52. If the owner decides to raise the price of all the instruments by $20, what will be the new mean and standard deviation of the prices?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
The average price of the distribution will increase b...View the full answer
Answered By
ASHWINI GUPTA
An MBA graduate from one of the best b-schools in India with a proven history of excelling in academics by cracking some of the toughest exams like IITJEE, CAT, BITSAT. A Linear programming enthusiast and derives utmost satisfaction in solving practical business problems through Linear Programming formulation
0.00
0 Reviews
10+ Question Solved
Related Book For
Elementary Statistics A Step By Step Approach
ISBN: 9781259755330
10th Edition
Authors: Allan G. Bluman
Question Posted:
Students also viewed these Mathematics questions
-
The average price of an average equality acre of farmland has increased over $2000 in the last ten years. The table below lists the price of an acre of average-quality farmland in selected years....
-
The average price of a gallon of unleaded regular gasoline was reported to be $2.34 in northern Kentucky (The Cincinnati Enquirer, January 21, 2006). Use this price as the population mean, and assume...
-
The average price of a gallon of gas was $2.62 in 2006. What is the price index for gasoline in 2006, with the 1980 price as the reference value?
-
Suppose a state was trying to decide whether to fund primary and secondary education with a property tax or an income tax. What implications might this choice have for land use in the state?
-
Chen Enterprises made the following entry on December 31, 2019. What entry would Hibernia Bank make regarding its outstanding loan to Chen Enterprises? Explain why this must be the case. Interest...
-
Financial reporting has been likened to cartography: Information cannot be neutral-it cannot therefore be reliable-if it is selected or presented for the purpose of producing some chosen effect on...
-
Andy applies for a custodial supervisor position with a school district in Texas. The job description states that a preferred qualification is that the candidate be fluent in both English and Spanish...
-
On March 10, 2014, No Doubt Company sells equipment that it purchased for $240,000 on August 20, 2007. It was originally estimated that the equipment would have a life of 12 years and a salvage value...
-
Step 2: Smooth Sailing 1. Edit the sshd_config file. [Your bash commands here]
-
Assuming that s v = 8 cos(2t - 40º) V in the circuit of Fig. 11.37, find the average power delivered to each of the passive elements. 2 3 H 0.25 F
-
The national average for mathematics SATs in 2014 was 538. Suppose that the distribution of scores was approximately bell-shaped and that the standard deviation was approximately 48. Within what...
-
The mean and standard deviation of the number of hours the employees work in the music store per week are, respectively, 18.6 and 3.2 hours. If the owner increases the number of hours each employee...
-
Explain how thermal insulation restricts the flow of heat.
-
Contact a stockbroker and obtain and study a copy of a prospectus for a currently popular real estate investment trust (REIT). a. Indicate what type of REIT (equity, mortgage, or hybrid) it...
-
After seeing an old movie, you become concerned about a large asteroid that could be gravitationally attracted to Earth from very far away. You realize that long ago such an asteroid's speed relative...
-
You are traveling toward a large fixed mirror at a constant relative speed \(0.20 c_{0}\). At \(t=0\), when the mirror is a distance \(d\) from you (measured in your reference frame), you emit a...
-
A balance is purposefully prepared in an unbalanced condition, with too much mass on one side. It is carefully held with two hands, one on the base of the balance and one on the heavier end, so that...
-
Fill in the blanks to make the following statements correct. a. The term quantity supplied refers to ___________ sales by producers, whereas quantity exchanged refers to ___________ sales by...
-
Information about the worlds countries is given in All Countries, introduced in Data 1.2 . You can find a description of the variables in Appendix B. For the full dataset: (a) Indicate which of the...
-
An environmentalist wants to determine if the median amount of potassium (mg/L) in rainwater in Lincoln County, Nebraska, is different from that in the rainwater in Clarendon County, South Carolina....
-
Determine whether each statement is true or false. If the statement is false, explain why. When the null hypothesis is rejected in the goodness-off it test, it means there is close agreement between...
-
Research the percentages of each blood type that the Red Cross states are in the population. Now use your class as a sample. For each student note the blood type. Is the distribution of blood types...
-
For Exercises follow these steps. a. State the hypotheses and identify the claim. b. Find the critical value(s). c. Compute the test value. d. Make the decision. e. Summarize the results. Use the...
-
Differentiate and describe the different types of budgets commonly used by the healthcare facilities ( be sure to label the responses with appropriate numbers) compare incremental budgeting and zero...
-
Your GST bill has arrived. You need to pay GST on $153,890. How much do you need to pay in GST? Explain.
-
Given the fact that the telecom industry is extremely competitive, is it likely that Empire will find willing benchmarking partners among it's competitors?
Study smarter with the SolutionInn App