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

question 65

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 no more than $300?

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Definitions:

Warehousing Space

The area available for the storage of goods in a warehouse, crucial for inventory management and logistics.

Supply Chain Design

The process of structuring a supply chain to meet the goals of cost, efficiency, delivery, and flexibility.

Significant Investments

involves allocating substantial financial resources into a project, asset, or venture with the expectation of achieving considerable returns or benefits.

Warehousing Space

The amount of physical area available for storing goods within a warehouse or distribution center, typically measured in square feet or meters.