Solved

The Amount of Money That Maria Earns in a Week $800\$ 800

Question 79

Multiple Choice

The amount of money that Maria earns in a week is a random variable,X,with a mean of $800\$ 800 and a standard deviation of $20\$ 20 The amount of money that Daniel earns in a week is a random variable,Y,with a mean of $900\$ 900 and a standard deviation of $30\$ 30 The total,X +Y,of Maria's weekly income and Daniel's weekly income is a random variable with a mean of $800+$900=$1700\$ 800 + \$ 900 = \$ 1700 and a standard deviation of 202+302≈$36\sqrt { 20 ^ { 2 } + 30 ^ { 2 } } \approx \$ 36 The calculation of the standard deviation requires the assumption that the incomes are independent of one another.Which of the following examples describes a situation in which that assumption may be violated? A: Maria and Daniel are married to each other.
B: Maria and Daniel work for the same company.
C: Maria and Daniel work in the same business.
D: Maria and Daniel were born in the same year.


A) A and B
B) A,B,C,and D
C) B,C,and D
D) B and C
E) A,B,and C

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions