Find mean and standard deviation of an employee

Assignment Help Business Economics

Reference no: EM13148826

A charitable distribution solicits donations by telephone. Employees are paid $60 plus 20% of the money their calls generate each week. The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.

Reference no: EM13148826

Questions Cloud

What concerns might you have about such an approach : The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..

Find the final temperature of the block and the water : A 125g metal block at a temperature of 93.2 degrees Celsius was immersed in 100g of water at 18.3 degrees celsius. Given the specific heat of metal (s= 0.900j/g x degrees celsius)

What proportion of these corporation was the rate of return : For what proportion of these corporations the rate of return negative? For what proportion of these corporation was the rate of return between 5% and 15%?

Financial position after the stock split : You own 8% of the Standlee Corporation's common stock, which most recently sold for $98 before a two-for-one stock split announcement. Before the split, there are 30,000 shares of common stock outstanding. Relative to now, what will be your financ..

Find mean and standard deviation of an employee : The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.

Correct interpretation for regression coefficient of age : Which of the following is the correct interpretation for the regression coefficient of Age? The regression coefficient is not significantly different from zero.

How much energy would be absorbed : How much energy would be absorbed as heat by 75 g of iron when heated from 295 K to 301 K? (Cp for iron=0.449 J/g*C)

If two ideal gases are both placed in identical containers : If two ideal gases are both placed in identical containers with at the same constant Volume and Temp and same number of moles of gas

What is the mrts for this production function : Sketch the isoquant corresponding to an output level of 100 units What is the MRTS for this production function? Does the isoquant exhibit a diminishing MRTS?

User Account

All Pages