Grainne Is an Inside Salesperson Who Earns an Annual Salary

question 16

Multiple Choice

Grainne is an inside salesperson who earns an annual salary of $32,800 (paid biweekly) plus a commission on quarterly sales that is paid on the first pay date on the next quarter.She receives a 1% commission for quarterly sales totaling $0 to $25,000,a 2% commission for quarterly sales totaling between $25,001 and $50,000,and a 3% commission for quarterly sales totaling over $50,001.During the second quarter,Grainne's quarterly sales totaled $46,750.What is her gross pay for the first pay period in July? Do not round interim calculations.Round final answer to two decimal places.(Do not round interim calculations.Round final answer to 2 decimal places.)

• A) $1,729.04
• B) $2,301.67
• C) $2,196.54
• D) $2,664.04

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Definitions:

Regression Line

A straight line that best fits the data in a linear regression analysis, representing the relationship between the independent and dependent variables.

Slope

The measure of the steepness or incline of a line, indicating the rate at which the y-value changes relative to the x-value.

Prediction Interval

A prediction of the range within which future data points are expected to lie, based on current observations, with a specified level of confidence.

Confidence Interval

An interval of values, coming from sample-based data, likely to hold the value of an undetermined parameter of a population.