All day laborers of a large manufacturing company receive a 2% raise every 6 months. The current mean hourly wage earned by the all day laborers is $9.75 per hour and the standard deviation of their hourly wages is $0.87 per hour. Assuming that the raise rate and frequency remain the same, what will the mean and standard deviation of the hourly wages earned by day laborers be 2 years from now

Answers

Answer 1

Answer:

[tex]\=x'=\$10.55[/tex]

[tex]\sigma'=10.55[/tex]

Step-by-step explanation:

From the question we are told that:

Raise[tex]r=2\%[/tex] at Time interval 6 months

Time [tex]t=2 years[/tex]

Mean hourly pay [tex]\=x=$9.75[/tex]

Standard deviation[tex]\sigma=\$0.87[/tex]

Generally the equation for mean is mathematically given by

 [tex]\=x=P*(1+r)^n[/tex]

Where

 [tex]P=Principle\ mean[/tex]

 [tex]n=number\ of\ intervals[/tex]

 [tex]n=2years/6months[/tex]

 [tex]n=4[/tex]

Therefore

 [tex]\=x'=9.75*(1+0.02)^4[/tex]

 [tex]\=x'=\$10.55[/tex]

Generally the equation for Standard deviation is mathematically given by

 [tex]\sigma'=P'*(1+r)^n[/tex]

Where

 [tex]P'=Principle\ Standard\ deviation[/tex]

Therefore

 [tex]\sigma'=0.87*(1+0.02)^4[/tex]

 [tex]\sigma'=10.55[/tex]


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Answer:

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Answers

Answer:

[tex]x = 9 {a}^{6} [/tex]

Step-by-step explanation:

[tex] = > {3a}^{3} x = 27 {a}^{9} [/tex]

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Answer:

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Answer:

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Answers

Answer:

5 rides

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Answers

Answer:

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Step-by-step explanation:

10x + 4 = -26

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Answer:

x=50

Step-by-step explanation:

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Answers

Answer:

IF It is a right angle triangle then it's one angle

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Answers

Step-by-step explanation:

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Answer:

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Answer:

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Answer:

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Answer:

Please show the picture or question.

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Answers

Answer:

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Answers

Answer:

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Answers

Answer:

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Step-by-step explanation:

Answer:

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Answers

Answer:

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Step-by-step explanation:

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Answer: The initial value is 12,000 and it represents the price of the baseball card at the time of purchase.

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Answers

Answer:

490.87 inches²

Step-by-step explanation:

Hi there!

What we're trying to find: the area of the circular-shaped pizza

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Answer:

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Step-by-step explanation:

Answer:

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Answers

Answer:

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-9p+0.5

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