Answer: $49,875; $4,830C.
Step-by-step explanation:
The average salary of Teachers in a medium-sized suburban school district is $47,500 per year.
The standard deviation is $4,600
After negotiating with the school district, teachers recieve a 5% raise and a one-time $500 bonus. The bonus of $500 will not alter the mean and standard deviation because equal amount is added for each teacher.
5% increase in each teacher's salary would differ. Therefore, it will affect the mean and standard deviation by 5%. Therefore, the new mean would be
47500 + (5/100 × 47500) = $49875
The new standard deviation would be
4600 + (5/100 × 4600) = $4830
