5.69 A consultant has three sources of incomefrom teaching short courses, from selling computer software, and from

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5.69 A consultant has three sources of income—from teaching short courses, from selling computer software, and from advising on projects. His expected annual incomes from these sources are $20,000, $25,000, and

$15,000, and the respective standard deviations are

$2,000, $5,000, and $4,000. Assuming independence, find the mean and standard deviation of his total annual income.

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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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