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

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5.15 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: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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