Suppose at the end of the year everyone at Bob's restaurant gets a 5 percent raise per

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Suppose at the end of the year everyone at Bob's restaurant gets a 5 percent raise per hour to their existing wages. How does this raise affect the standard deviation of their wages?

it is multiplied by 1.05

it is the same as before

it is multiplied by .05

Posted Date: Jun 21, 2024 03:03 PM

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Suppose at the end of the year everyone at Bob's restaurant gets a 5 percent raise per

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