Instruction 6.2 John Has Two Jobs. for Daytime Work at a Jewellery

question 79

Short Answer

Instruction 6.2
John has two jobs. For daytime work at a jewellery 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 Instruction 6.2,for a given month,what is the probability that John's commission from the jewellery store is at least $12,000?

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Definitions:

Low Price Competitors

Companies that compete primarily on price, often by offering similar products or services as higher-priced competitors, but at lower costs.

Enhanced Brand Equity

The increased value brought to a brand by consumer perceptions of high quality or positive experiences associated with the brand.

Line Extension

The development and introduction of additional items in the same product category under the existing brand name.

Increased Usage

The phenomenon where consumers use a product or service more frequently, often influenced by changes in behavior, marketing strategies, or external factors.