Let `x_1, x_2, x_3, x_4, .............x_n` be n observation and let `barx` be their arithmetic mean and `sigma^2` be their variance.
Statement-1: Variance of observations `2x_1, 2x_2, 2x_3, ........., 2x_n` is `4sigma^2`
Statement-2: Arithmetic mean of `2x_1, 2x_2, 2x_3,.........., 2x_n` is `4barx`