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Mathematics, 25.11.2019 23:31 Mune4184

In considering medical insurance for a certain operation, let x be the amount (in $) paid for the doctor and let y be the amount (in $) paid to the hospital. in the past, the variances have been var(x) = 8,100,var(y) = 10,000, and var(x+y) = 20,000. due to increased expenses, it was decided to increase the doctor’s fee by $500 and increase the hospital charge y by 8%. calculate the variance of the new total claim, i. e. the variance of x + 500 + 1.08y

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