A small company has 10 employees that receive a monthly

Reference no: EM13605033

A small company has 10 employees that receive a monthly paycheck and you calculate the mean and standard deviation for the paychecks in December. For the holiday, the president decides to give everyone a $500 raise. How would the mean and standard deviation be affected?

a. both the mean and standard deviation would increase by $500

b.The mean would increase by $500, but the standard deviation would stay the same.

c.The mean would stay the same, but the standard deviation would increase by $500.

d. Neither the mean nor the standard deviation would change.

Reference no: EM13605033

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