Find mean and standard deviation of an employee total pay

Assignment Help Business Economics
Reference no: EM13148739

A charitable distribution solicits donations by telephone. Employees are paid $60 plus 20% of the money their calls generate each week. The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.

Reference no: EM13148739

Questions Cloud

Find probability that randomly selected jar will have fill : Estimate the probability that a randomly selected jar will have a fill, x, that is out of specification. Assume that the process is in control and that the population of all jar fills is normally distributed.
For what proportion of these corporations the rate of return : For what proportion of these corporations the rate of return negative? C. For what proportion of these corporation was the rate of return between 5% and 15%?
Calculate the delta h of this reaction : When 28.0 ml of 0.500 M H2SO4 is added to 28.0 ml of 1.00 M KOH in a coffee-cup calorimeter at 23.50 degrees Celsius, the temperature rises to 30.17 degrees Celsius. Calculate the delta H of this reaction.
What specific biotechnology application did you choose : Research how a SPECIFIC biotechnology application within the above GENERAL examples (or ones not listed above) is used today. Example: Insulin production in bacteria is an example under the general topic of recombinant organisms.
Find mean and standard deviation of an employee total pay : The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.
Which structure is characteristic of angiosperm : The closest living relatives to modern humans are: a) promisians, b)african apes, c)new world monkeys, d)asian apes, e)old world monkeys.
Accountants produce financial statements : During an entity's lifetime, accountants produce financial statements at arbitrary moments in time in accordance with which basic accounting concept?
How much time employer allow employees to finish job : Tthe job is normally distributed and has a mean time of 30 minutes with a standard deviation of 8 minutes. How much time should the employer allow employees to finish the job?
What is marginal product when total product is zero : Find the output levels where total product and average product are maximized. What is marginal product when total product is zero?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd