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

question 38

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 0.35 that John's income as a waiter is no less than how much in a given month?

Understand the influence of mental expectations on sensory perception.

Recognize the role of selective attention and social influence in hypnosis.

Identify the impact of brain anatomy on different senses, including smell, taste, and kinesthetic sense.

Understand the concept of sensory interaction and how different senses affect each other.

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Definitions:

Equity Investments

Investments in stocks or shares, representing ownership in a company or entity and participation in its profits.

Risk Free Rate

The rate of return on an investment with no risk of financial loss, typically represented by the yield on government bonds.

Market Premium

The additional return an investor expects to receive from a market portfolio compared to the risk-free rate.

Equity Investments

Financial investments in shares of companies, giving the holder ownership interest in the company.