Help, could someone please help me answer the following statistics questionsby Tek1Atom Tags: mathematics, maths, statistics 

#1
Aug3110, 02:07 PM

P: 15

1. The problem statement, all variables and given/known data
The average salary for an employee at ABC Ltd is £30,000 per year, with a variance of £4,000,000. This year, the management plans to award every employee a fixed endofyear bonus of £500 and an incentive bonus that is equal to 10% of the employee's salary. a) What is the mean bonus received by employees? b) What is the standard deviation of the employees bonuses? 2. Relevant equations Statistics 3. The attempt at a solution None, need urgent help! 



#2
Aug3110, 03:56 PM

Mentor
P: 20,961





#3
Aug3110, 04:14 PM

P: 15

Let Y be the random variable that represents the bonuses



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