For a random variable x, a new random variable y can be created by applying a linear transformation y a bx, where a and b are constants. If the random variable x has mean and standard deviation o,, then the mean, variance and standard deviation of y are given by the following formulas. -a+b 2y=b?o2x Gy blox The mean annual salary for employees at a company is $39,000. At the end of the year, each employee receives a $1000 bonus and a 4% raise (based on salary). What is the new mean annual salary (including the bonus and raise) for the employees? The new mean annual salary is $
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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