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A new sports agent has taken on two clients: K enny, a mixed-martial arts (MMA) middle weight, and S halane, a long distance runner.The agent
A new sports agent has taken on two clients:Kenny, a mixed-martial arts (MMA) middle weight, andShalane, a long distance runner.The agent believes that their annual incomes are independent and have the following traits:
E(K) = 18,000Var(K) = 36,000,000
E(S) = 240,000Var(S) = 14,400,000,000
Where K and S denote Kenny and Shalane's annual incomes respectively.
If the agent's income, T, equals 20% of each athlete's earnings then determine:
a.E(T)
b.Var(T)
c.SD(T)
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