Let xi, i = 1, 2, ..., n be n observations and wi = pxi + k, i = 1, 2, ..., n where p and k are constants. If the mean of xi's is 48 and standard deviation is 12, whereas the mean of wi's is 55 and standard deviation is 15, then the value of p and k should be
p = 1.25, k = -5
This question involves understanding how linear transformations affect the mean and standard deviation of a dataset. We are given a set of observations, $x_i$, and a transformed set, $w_i$, related by the equation $w_i = p x_i + k$. We know the mean and standard deviation of $x_i$ and $w_i$, and we need to find the constants $p$ and $k$.
For a linear transformation of the form $Y = aX + b$, where $a$ and $b$ are constants, the following properties hold for the mean ($E$) and standard deviation ($SD$):
In this problem, we have $w_i = p x_i + k$. Comparing this to $Y = aX + b$, we have $Y = w_i$, $X = x_i$, $a = p$, and $b = k$.
We are given:
We use the standard deviation transformation property:
$$SD[w] = |p| SD[x]$$
Substitute the given values:
$$15 = |p| \times 12$$
Now, solve for $|p|$:
$$|p| = \frac{15}{12}$$
Simplify the fraction:
$$|p| = \frac{5}{4}$$
$$|p| = 1.25$$
This implies that $p$ could be either $1.25$ or $-1.25$. We need to use the mean transformation property to determine the correct value of $p$ and find $k$.
We use the mean transformation property:
$$E[w] = p E[x] + k$$
Substitute the given values:
$$55 = p \times 48 + k$$
Rearrange the equation to solve for $k$:
$$k = 55 - 48 \times p$$
Now, let's test the two possible values for $p$:
Case 1: Assume $p = 1.25$
Substitute $p = 1.25$ into the equation for $k$:
$$k = 55 - 48 \times 1.25$$
$$k = 55 - 48 \times \frac{5}{4}$$
$$k = 55 - (12 \times 5)$$
$$k = 55 - 60$$
$$k = -5$$
In this case, we get $p = 1.25$ and $k = -5$. This matches one of the options.
Case 2: Assume $p = -1.25$
Substitute $p = -1.25$ into the equation for $k$:
$$k = 55 - 48 \times (-1.25)$$
$$k = 55 - 48 \times (-\frac{5}{4})$$
$$k = 55 - (-12 \times 5)$$
$$k = 55 - (-60)$$
$$k = 55 + 60$$
$$k = 115$$
In this case, we get $p = -1.25$ and $k = 115$. This does not match any of the options provided.
Based on the calculations, the values that satisfy both the standard deviation and mean transformation properties are $p = 1.25$ and $k = -5$.
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