Example. The sales tax return of a salesman is exponentially distributed with parameter.What 4 is the probability that his sale will exceed 10,000 assuming that sales tax is charged at the rate of 5% on the sales ?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 10E
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Example. The sales tax return of a salesman is
exponentially distributed with parameter . What
4
is the probability that his sale will exceed 10,000
assuming that sales tax is charged at the rate of
5% on the sales ?
Transcribed Image Text:Example. The sales tax return of a salesman is exponentially distributed with parameter . What 4 is the probability that his sale will exceed 10,000 assuming that sales tax is charged at the rate of 5% on the sales ?
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