Your costs had been forecast as having an average of $138,000 with a Standard Deviation of $35,000. You have just learned that your suppliers are raising prices by 4% across the board. Now what are the average and standard deviation of your costs?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 23PFA
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Your costs had been forecast as having an average of $138,000 with a Standard Deviation of $35,000. You have just learned that your suppliers are raising prices by 4% across the board. Now what are the average and standard deviation of your costs?

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