The mean monthly net salary of all employees at a medium-sized company in Durban is R16000 and the standard deviation is R2 300. During the month of December 2022, the company decides 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? O A. Mean = R24 000, Standard deviation = R2 300 O B. Mean = R16 000, Standard deviation = R2 300 O C. Mean = R16 000, Standard deviation = R3 450 O D. Mean = R24 000, Standard deviation = R3 450

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
The mean monthly net salary of all employees at a medium-sized company in Durban is R16000 and the standard deviation is R2 300. 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?
O A. Mean = R24 000, Standard deviation = R2 300
O B. Mean = R16 000, Standard deviation = R2 300
O C. Mean = R16 000, Standard deviation = R3 450
O D. Mean = R24 000, Standard deviation = R3 450
Transcribed Image Text:The mean monthly net salary of all employees at a medium-sized company in Durban is R16000 and the standard deviation is R2 300. 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? O A. Mean = R24 000, Standard deviation = R2 300 O B. Mean = R16 000, Standard deviation = R2 300 O C. Mean = R16 000, Standard deviation = R3 450 O D. Mean = R24 000, Standard deviation = R3 450
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman