If ¯x is the mean of x1,x2,...,xn, then the mean of ax1,ax2,....axn,x1a,x2a,....,xna is:
Given that is the mean and σ2 is the variance of n observations x1, x2 … xn. Prove that the mean and variance of the observations ax1, ax2, ax3 …axn are and a2 σ2, respectively (a ≠ 0).