Reconsider the previous exercise where the monthly salaries of the three people working in a small firm
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Reconsider the previous exercise where the monthly salaries of the three people working in a small firm are $3500, $4000, and $4500. If instead of a $100 raise, everyone gets a 10% raise, how, if at all, would the standard deviation of the three salaries change?
A. The standard deviation would stay the same.
B. The standard deviation would increase.
C. The standard deviation would decrease.
D. Cannot be answered without doing calculations.
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Related Book For
Introduction To Statistical Investigations
ISBN: 9781118172148
1st Edition
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy
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