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Zhang Industries sells a product for $700 per unit.Unit sales for May were 400,and each month's unit sales are expected to grow by 3%.Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales.Compute the budgeted selling expense for the manager for the month ended June 30.
Sampling Distribution
A specific statistic's probability distribution, resulting from a sample taken at random.
Variability
The degree to which scores in a set of data are spread out or differ from each other, indicating the diversity or dispersion within the dataset.
Sampling Distribution
The probability distribution of a given statistic based on a random sample, used to infer properties of an entire population.
Population Mean
The average of all the values in a population.
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