A salesman charges a fixed fee of $200 plus a commission of 5% of the total sales he makes. If the total sales he makes is a random variable X with a uniform distribution between 0 and 2000 soles. If he sells at least S/.500, what is the probability that he earns more than $.260? You must place the problem statement and the interpretation of the results in each of the problems.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 39E: Assume that the probability that an airplane engine will fail during a torture test is 12and that...
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A salesman charges a fixed fee of $200 plus a
commission of 5% of the total sales he makes.
If the total sales he makes is a random
variable X with a uniform distribution
between 0 and 2000 soles.
If he sells at least S/.500, what is the
probability that he earns more than $.260?
You must place the problem statement and
the interpretation of the results in each of the
problems.
Transcribed Image Text:A salesman charges a fixed fee of $200 plus a commission of 5% of the total sales he makes. If the total sales he makes is a random variable X with a uniform distribution between 0 and 2000 soles. If he sells at least S/.500, what is the probability that he earns more than $.260? You must place the problem statement and the interpretation of the results in each of the problems.
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