a. Construct a probability distribution for x = number of big-screen TVs sold. b. What is the
Question:
a. Construct a probability distribution for x = number of big-screen TVs sold.
b. What is the expected number of big-screen TVs sold per month? Interpret this value.
c. The price of a big-screen TV is on average is on average $3575 per TV. If the salesperson’s commission on a big screen TV is 15% of sales, what is his or her expected monthly commission on the big screen TVs?
Number of Big-Screen TVs Sold x | Number of Days |
0 | 4 |
1 | 15 |
2 | 5 |
3 | 3 |
4 | 2 |
5 | 1 |
Total | 30 |
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a x Days PxSold 0 4 01333 1 15 05000 2 5 0166...View the full answer
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Related Book For 
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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