A homeowner estimates that within the range of likely temperatures his January heating bill, Y, in dollars,
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A homeowner estimates that within the range of likely temperatures his January heating bill, Y, in dollars, will be Y = 290 - 5T where T is the average temperature for the month, in degrees Fahrenheit. If the average January temperature can be represented by a random variable with a mean of 24 and a standard deviation of 4, find the mean and standard deviation of this homeowner’s January heating bill.
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Related Book For
Statistics For Business And Economics
ISBN: 9780273767060
8th Global Edition
Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne
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