How much does steve earn in commissions per month

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Reference no: EM131255568

Steve Smith:-

Steve Smith is a car sales agent at a Ford dealership. He earns a salary and benefits, but a large portion of his income comes from commissions:

$350 per vehicle sold for the first five vehicles in a month and $400 per vehicle after that. Steves historical sales can be well described with a Poisson distribution with mean 5.5; that is, on average, Steve sells 5.5 vehicles per month. On average, how much does Steve earn in commissions per month?

Reference no: EM131255568

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