A charitable organization solicits donations by telephone. Employees are paid $60 plus 20% of the money their

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A charitable organization 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 the mean and standard deviation of an employee's total pay in a week.
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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