Examlex

Solved

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

question 49

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,the probability is 0.45 that John's income as a waiter is more than how much in a given month?


Definitions:

Graphic Rating Scales

A method used in performance appraisals where employees are scored on a continuum for various performance factors.

Key Traits

Fundamental characteristics or qualities of an individual that are considered essential to their nature or identity.

Initiative

The ability to assess and initiate actions independently.

Performance Appraisals

The formal assessment of an employee's job performance, typically conducted on a regular basis, to inform decisions regarding promotions, pay raises, and development.

Related Questions