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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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

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

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