The amount of money a city collects revenue from parking meters is a random variable with a mean of $900 per week with a standard deviation of $110. It also gets revenue of $700 per week from parking tickets with a standard deviation of $150 per week. There is a strong positive correlation between the two because more tickets are written when the metered spots are all full. The correlation between them is 0.60.

1) What are the expected value and standard deviations of the total revenue collected from the two sources combined?

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