This topic contains a solution. Click here to go to the answer

Author Question: The number of standard deviations z that a particular value of r is from the mean ? can be computed ... (Read 219 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
The number of standard deviations z that a particular value of r is from the mean ? can be computed as z = (r - ?)/ . Suppose that you work as a commission-only insurance agent earning 1,000 per week on average. Suppose that your standard deviation of weekly earnings is 500 . What is the probability that you earn zero in a week? Use the following brief z-table to help with this problem. Z value Probability -3 .0013 -2 .0228 -1 .1587 0 .5000
 a. 1.3 chance of earning nothing in a week
  b. 2.28 chance of earning nothing in a week
  c. 15.87 chance of earning nothing in a week
  d. 50 chance of earning nothing in a week
  e. none of the above

Question 2

If a car salesman is paid a fixed commission when he sells a car, the owner is most likely to see
 a. Large margins on sales
  b. Low margins on sales
 c. No sales
 d. None of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

b

Answer to Question 2

b




wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Excellent

 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

For a complete list of videos, visit our video library