When Sam goes to a restaurant, he always tips the server $2 plus 10% of the cost

Question:

When Sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. If Sam’s distribution of meal costs has a mean of $9 and a standard deviation of $3, what are the mean and standard deviation of his tip distribution?

a. $2.90, $0.30

b. $2.90, $2.30

c. $9.00, $3.00

d. $11.00, $2.00

e. $2.00, $0.90

Select the best answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Practice Of Statistics

ISBN: 9781319113339

6th Edition

Authors: Daren S. Starnes, Josh Tabor

See More Books

Question Posted: Aug 11, 2020 05:49 AM

See More Questions

At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, You can average $80 a day in tips. Assume the population of daily tips is normally distributed with a...
Sam Jones owns a granite stone quarry. When he acquired the land, Sam allocated $800,000 of the purchase price to the quarry's recoverable mineral reserves, which were estimated at 10 million tons of...
Sam Johnson invested in gold U.S coins ten years ago, paying $216.53 for one ounce gold double eagle coins. He could sell these coins for $ 734 today. What was his annual rate of return for this...
The built-up shaft is designed to rotate at 450 rpm. If the radius of the fillet weld connecting the shafts is r = 13.2 mm, and the allowable shear stress for the material is Ï allow = 150 MPa,...
Cameras come with many options, and it appears that the more that you want, the higher the cost of the camera. Consumer Reports2 has rated n = 20 cameras on qualities that we consumers are looking...
T Opposite each item, write the proper account classification, and indicate also the generally accepted account titles to use. 1 Petty cash fund totally depleted 2 Newly replenished petty cash fund...
How does encapsulation protect the object from an intruder?
How might Kristen best explain her point of view to Matt while being true to her values?
An financial institution has 2 kinds of assets: 50% in T-bill and 50% in consumer loan. If the assets in the portfolio need to be liquidated at short notice, the T-bill is sold at $97 even though its...
Walts Antique Cars Inc. issued equity securities. The offering included 100,000 bundles of one no par value common share and one no par value preferred share. Each bundle sold for $50. Walts has...
Jorges score on Exam 1 in his statistics class was at the 64th percentile of the scores for all students. His score falls a. Between the minimum and the first quartile. b. Between the first quartile...
Scores on the ACT college entrance exam follow a bell-shaped distribution with mean 21 and standard deviation 5. Waynes standardized score on the ACT was 0.6. What was Waynes actual ACT score? a. 3...
A set of scores has been organized into the following stem and leaf display. For this set of scores: a. How many scores are in the 70s? b. Identify the individual scores in the 70s. c. How many...
Debate the differences between an alert-based decision-support management-accountability budgeting, monitoring, and reporting system and a standard reporting system that does not provide instant...
On January 1, 20X5, Post Company acquired an 80 percent investment in Stake Company. The acquisition cost was equal to Posts equity in Stakes net assets at that date. On January 1, 20X5, Post and...
Design an operating and capital budget package for the finance committee that would provide it with the most value-added information, allowing for its approval the first time.
In January 20X0, Farley Corporation acquired 20 percent of Davis Companys outstanding common stock for $800,000. This investment gave Farley the ability to exercise significant influence over Davis....
Discuss the future of health care fi nance. What do you think it will look like ten years from now? What do you want it to look like? How can you reconcile the diff erences, if any? Most important,...
Experiments are performed with ultra-cold neutrons having velocities as small as 1.00 m/s. (a) What is the wavelength of such a neutron? (b) What is its kinetic energy in eV?
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
To determine his DSL Internet connection speed, Shawn divides up the day into four parts: morning, midday, evening, and late night. He then measures his Internet connection speed at 5 randomly...
24 Hour Fitness wants to administer a satisfaction survey to its current members. Using its membership roster, the club randomly selects 40 club members and asks them about their level of...
To obtain students opinions about proposed changes to course registration procedures, the administration of a small college asked for faculty volunteers who were willing to administer a survey in one...
Find the first derivative of the following equation: a. b. y=e3x y=e(x+1) d. y=125x+16-2x y=ln x y=ln (3x+x1) y=In (x+1)
The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs 1. Started and completed 9,600 units. Beginning work in process $0 2. Started 2,300...
There is sufficient evidence to support the conclusion that a robust relationship exists between drugs and crime. Explain and discuss the studies that support this conclusion. Further explain and...

When Sam goes to a restaurant, he always tips the server $2 plus 10% of the cost

Question:

Step by Step Answer:

Answe...View the full answer

The Practice Of Statistics

Students also viewed these Mathematics questions