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Statistics Midterm - Part 2 of 2
SAMPLE
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5. Binomial Distribution & Discrete Random Variables / Discrete Random Variables / Problem 10
Problem 10

A company’s average monthly electricity bill is \(320\$320. Due to a rate change, each bill is increased by 7%7\% and a fixed service charge of \)25\$25 is added. What is the new mean monthly bill?