You work at a job where your average monthly earnings are $626 with a standard deviation of $37. Your mean monthly expenses are $255 with a standard deviation of $18. Assume that the your monthly earnings and expenses are independent. You put any extra money that you have at the end of the month into your savings account. What is the mean of the amount of money you put in your savings account each month? What is the standard deviation of the amount of money you put in your savings account each month?
You work at a job where your average monthly earnings are $626 with a standard deviation of $37. Your mean monthly expenses are $255 with a standard deviation of $18. Assume that the your monthly earnings and expenses are independent. You put any extra money that you have at the end of the month into your savings account. What is the mean of the amount of money you put in your savings account each month? What is the standard deviation of the amount of money you put in your savings account each month?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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You work at a job where your average monthly earnings are $626 with a standard deviation of $37. Your mean monthly expenses are $255 with a standard deviation of $18. Assume that the your monthly earnings and expenses are independent. You put any extra money that you have at the end of the month into your savings account.
What is the mean of the amount of money you put in your savings account each month?
What is the standard deviation of the amount of money you put in your savings account each month?
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