Examlex

Solved

TABLE 6-2 John Has Two Jobs. for Daytime Work at a Jewelry

question 9

Short Answer

TABLE 6-2
John has two jobs. For daytime work at a jewelry store he is paid $15,000 per month, plus a commission. His monthly commission is normally distributed with mean $10,000 and standard deviation $2,000. At night he works as a waiter, for which his monthly income is normally distributed with mean $1,000 and standard deviation $300. John's income levels from these two sources are independent of each other.
-Referring to Table 6-2, the probability is 0.95 that John's commission from the jewelry store is at least how much in a given month?


Definitions:

Automatic Page Break

A feature in document editing and presentation software that inserts a page break automatically based on the length of the content and formatting rules.

AutoCorrect

A text editing feature that automatically corrects spelling and grammatical errors as the user types.

Capitalization

The use of upper case letters at the beginning of sentences or proper nouns; in finance, the total value of a company's outstanding shares.

Page Break

A marker in a document that signifies the end of one page and the beginning of the next in a printed document.

Related Questions