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

question 185

Multiple Choice

Given independent random variables with means and standard deviations as shown,find the mean and standard deviation of the variable 4X + 19.Round to two decimal places if necessary. $$\begin{array} { l | l l } & \text { Mean } & \text { SD } \\\hline \mathrm { X } & 100 & 14 \\\mathrm { Y } & 120 & 7\end{array}$$

• A)? = 400,? = 75
• B)? = 419,? = 75
• C)? = 400,? = 56
• D)? = 419,? = 59.14
• E)? = 419,? = 56

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Definitions:

Drawee

The party in a bill of exchange who is directed to pay the specified amount, typically a bank.

Co-signer

An individual who signs a loan or credit application with another person, promising to pay the debt if the primary borrower does not.

Drawer

In financial transactions, the person who writes or the entity issuing a bill of exchange, cheque, or draft.

Internal Control

Processes designed to provide reasonable assurance regarding the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws.