Reconsider the previous exercise. Th e monthly salaries of the three people working in a small firm

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Reconsider the previous exercise. Th e monthly salaries of the three people working in a small firm are $3,500, 4,000, and $4,500. Suppose the firm makes a profit and everyone gets a $100 raise. How, if at all, would the standard deviation of the three salaries change?

A. The standard deviation would stay the same.

B. The standard deviation would increase.

C. The standard deviation would decrease.

D. Cannot be answered without doing calculations.

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Introduction To Statistical Investigations

ISBN: 9781118172148

1st Edition

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

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