Mathematics, 18.05.2021 18:30 samantha636

All day laborers of a large manufacturing company receive a 2% raise every 6 months. The current mean hourly wage earned by the all day laborers is $9.75 per hour and the standard deviation of their hourly wages is $0.87 per hour. Assuming that the raise rate and frequency remain the same, what will the mean and standard deviation of the hourly wages earned by day laborers be 2 years from now

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