The salaries paid to the managers of a company had a mean of dollar 20,000 with a standard deviation of Dollar 3,000. What will be the mean and standard deviation if all the salaries are increased by (i) 10%, (ii) 10% of the existing mean? Which policy would you recommend if the management does not want to have increased disparities in waves ?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
The salaries paid to the managers of a
company had a mean of dollar 20,000
with a standard deviation of Dollar
3,000. What will be the mean and
standard deviation if all the salaries are
increased by
(i) 10%,
(ii) 10% of the existing mean?
Which policy would you recommend if
the management does not want to have
increased disparities in waves ?
Transcribed Image Text:The salaries paid to the managers of a company had a mean of dollar 20,000 with a standard deviation of Dollar 3,000. What will be the mean and standard deviation if all the salaries are increased by (i) 10%, (ii) 10% of the existing mean? Which policy would you recommend if the management does not want to have increased disparities in waves ?
Expert Solution
steps

Step by step

Solved in 6 steps with 6 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill