Ten customers are waiting in line to pay for purchases at a busy retailer during the holidays. Let denote the amounts bought by these customers, and model them as iid random variables with mean $150 and standard deviation $50.
a. What are the mean and standard deviation of the total amount purchased by these 10 customers?8
b. Why is the standard deviation of the sum of the 10 purchases so much less than 10 times the standard deviation of each?9
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