Salesperson gross pay for that day

Reference no: EM13666247

A salesperson has probability 0.15 of making a sale to any customer, and different customers are independent. The salesperson receives $100 per day and $50 per successful sale. There are 30 customers on a given day. What is the salesperson’s expected gross pay and the standard deviation of the salesperson’s gross pay for that day?

Reference no: EM13666247

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