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Answer the Following Two Questions:
A xix _ { i }

question 3

Essay

Answer the following two questions:
a. If a constant c is added to each xix _ { i }
in a sample, yielding yiy _ { i }
= xix _ { i }
+ c, how do the sample mean and median of the yiy _ {i}
's relate to the mean and median of the xix _ { i }
's? Verify your conjectures.
b. If each xix _ { i }
is multiplied by a constant c, yielding yiy _ { i }
= cxic x _ { i }
, answer the question of part (a). Again, verify your conjectures.


Definitions:

Privity of Contract

The rule that only the individuals or entities who are parties to a contract can have rights or duties imposed by the contract itself.

Statutory Assignment

The transfer of rights or benefits from one party to another in accordance with specific statutes or laws.

Equitable Assignment

The transfer of rights or benefits from one party to another, recognized by equity and intended to be binding, often used in absence of formal legal assignment.

Novation

A legal process where a new contract replaces an existing one, transferring rights and obligations from the original party to a new one.

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