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09-29-2007, 10:08 PM

SlamminP

Senior Member

Join Date: Aug 2005

Posts: 125

Stats question

The mean revenue from a restaurant is $1380 per day. The standard deviation of this revenue is $100. The boss forgot to take into account sales tax, which is 15% ($1380 is revenue before tax). What is the mean and standard deviation of revenues net of sales tax?

Anybody?

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