Explain new mean and new standard deviation

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A group of friends sit at a table and put all of the money they have in front of them on the table. The average amount of money each person has is $40 with a standard deviation of $8. A wealthy friend comes to the table and gives each of the people sitting at the table $500. What will the new mean and new standard deviation be for the people at the table now? New mean = ______ new standard deviation = _____________

Reference no: EM132853422

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