a. Construct a probability distribution for x = number of big-screen TVs sold. b. What is the

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a. Construct a probability distribution for x = number of big-screen TVs sold.
b. What is the expected number of big-screen TVs sold per month? Interpret this value.
c. The price of a big-screen TV is on average is on average $3575 per TV. If the salesperson’s commission on a big screen TV is 15% of sales, what is his or her expected monthly commission on the big screen TVs?

Number of Big-Screen TVs Sold x
Number of Days
4
15
5
3
2
1
Total 
30
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Basic Statistics For Business & Economics

ISBN: 9781259268939

6th Canadian Edition

Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite

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