Given Independent Random Variables with Means and Standard Deviations as Shown,find

question 195

Multiple Choice

Given independent random variables with means and standard deviations as shown,find the mean and standard deviation of the variable 0.3Y. $$\begin{array} { c | c c } & \text { Mean } & \text { SD } \\\hline \mathrm { X } & 70 & 7 \\\mathrm { Y } & 60 & 8\end{array}$$

• A)? = 18,? = 0.72
• B)? = 60.3,? = 8
• C)? = 60.3,? = 2.4
• D)? = 18,? = 8
• E)? = 18,? = 2.4

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Definitions:

Consumer Acculturation

The process by which consumers learn about and adopt the cultural norms, values, and behaviors of a society other than their own, affecting their purchasing behavior.

Purchasing Socialization

The process through which individuals learn purchasing and consuming behaviors from social influences and communities.

Consumer Socialization

The process by which individuals acquire the skills, knowledge, and attitudes necessary to function as consumers in the marketplace.

Brand Preferences

Consumers' tendency to favor one brand over others, influenced by past experiences, perceptions of quality, marketing efforts, and personal tastes.