Salesperson gross pay for that day

Assignment Help Basic Statistics
Reference no: EM13666247

A salesperson has probability 0.15 of making a sale to any customer, and different customers are  independent. The salesperson receives $100 per day and $50 per successful sale. There are 30 customers on a given day. What is the salesperson’s expected gross pay and the standard deviation of the salesperson’s gross pay for that day? 

Reference no: EM13666247

Questions Cloud

Life-span development and aging : Toward an integrative science of life-span development and aging
Define opportunity loss : Define opportunity loss. What decision-making criteria are used with an opportunity loss table? Explain how a scatter diagram can be used to identify the type of regression to use.
Calculate the cost of capital for rio tinto : Calculate the cost of capital for Rio Tinto and state two reasons for why it may have declined since the GFC. Justify your answers using theory, calculations and research into current events.
Why evolution is true : This is a 10 - page essay in which you will reflect upon each of the chapter themes in "Why Evolution Is True"by jerry a coyne . It should include reflections on your development and understanding of what evolution is and is not.
Salesperson gross pay for that day : There are 30 customers on a given day. What is the salesperson’s expected gross pay and the standard deviation of the salesperson’s gross pay for that day?
Ignorance of the spiritual dimensions of life : Based on your experiences, do you agree that there is a "law karma" that explains the course your life takes?
Ethical leadership scales : This "Ethical Leadership Scales" referenced by the authors mention a number of different characteristics that are embodied by ethical leaders.
How much would be the loan proceeds : How much would be the loan proceeds from a discount loan of $1,000 at 3.5% for 230 days? (Be sure to round the time to the nearest hundredth. Example: 250 days divided by 365 days is .68, not .684.)
How the film conveys basic storytelling information : Explain some of the several meanings contained in the opening two shots of Juno, especially in regard to how the film conveys basic storytelling information as well as how it evokes the main character's state of mind.

Reviews

Write a Review

Basic Statistics Questions & Answers

  How manufacturer set size of rebate to maximize profit

If its weekly cost function is C(x)=68,000+150x, how should the manufacturer set the size of the rebate in order to maximize its profit?

  Use a base point at x 1 compute the true precent relative

use zero through third order of taylor series expansions to predict f2 for the functionfx 25x3-6x27x -88use a base

  Sampling times concluding mean times

At the .05 significance level, can we conclude that there is a difference in their mean times?

  Probability that the antidepressant drug is effective

Effective on 80% of women and 65% of men. it is known that 66% of the people who take drug are women. That is the probability that the drug is effective?

  A newspaper article about the results of a poll states in

a newspaper article about the results of a poll states in theory the results of such a poll in 99 cases out of 100

  Analyse sample variances to find which test is suitable

Analyse sample variances in order to find which test would likely be most appropriate to employ to test the equality of the population means, pooled or unpooled?

  A researcher conducted a study on the effects of stress on

a researcher conducted a study on the effects of stress on migraines. the researcher computed the number of migraines

  Find probablitly that archer never misses shot

An olympic archer is able to hit the bull's-eye 70% of the time. Assume each shot is independent of the others. If she shoots 6 arrows, what is the probablitly that she never misses?

  Assume that the mean hourly cost to operate a commercial

assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of 2275

  Use the given information to find the minimum sample size

use the given information to find the minimum sample size required to estimate an unknown population mean. how many

  Draw a venn diagram and shade the region

Complementation to describe each of the following events in terms of A1, A2, and A3, draw a Venn diagram, and shade the region.

  To test the claim using chi-square test for independence

Collapse the response categories in the following tables so that it meets the assumptions of the chi-square test; than perform the test.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd