Question
Let x1, x2,........., xn be n observations, and let $\overline x $ be their arithematic mean and ${\sigma ^2}$ be their variance.
Statement 1 : Variance of 2x1, 2x2,......., 2xn is 4${\sigma ^2}$.
Statement 2 : : Arithmetic mean of 2x1, 2x2,......, 2xn is 4$\overline x $.
Statement 1 : Variance of 2x1, 2x2,......., 2xn is 4${\sigma ^2}$.
Statement 2 : : Arithmetic mean of 2x1, 2x2,......, 2xn is 4$\overline x $.