Instruction 6-4 John Has Two Jobs.For Daytime Work at a Jewelry Store

question 34

Short Answer

Instruction 6-4
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 Instruction 6-4,for a given month,what is the probability that John's income as a waiter is between $800 and $900?

Realize the importance of testing personal constructs against reality.

Appreciate the implications of personal construct theory for understanding human motivation and relationships.

Recognize the unique contributions and potential limitations of Kelly's theory in the broader context of cognitive psychology.

Understand the basic constructs of George Kelly's personal construct theory.

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Commercial Paper

A short-term unsecured debt instrument issued by corporations, typically for financing accounts receivable and inventories.

Simple Interest

Interest earned or paid on the original principal amount alone, without compounding.

Buyer

A person or entity that purchases goods or services.