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Sagot :
Answer:
C. The mean daily salary is greater than $350 per day
Step-by-step explanation:
The computation is shown below:
Y = a + bX
where,
Y = money made by a random selected
a = $150
b = $50
X = number of loan
Now
E(x) = (1 × 0.05) + (2 × 0.10) + (3 × 0.22) + (4 × 0.30) + (5 × 0.18) + (6 × 0.12) + (7 × 0.03)
= 3.94
Now
E(y) = $150 + ($50 × 3.94)
= $347
hence, the option C is not correct
The mean daily salary is greater than $350 per day and this can be determined by using the given data.
Given :
At a certain company, loan agents are paid based on the number of loans they close in a day.
The computation is given by:
Y = a + bX
where Y is the money made by randomly selected, a is $150, b is $50, and X is the number of loans.
Now, the value of E(x) is given by:
[tex]\rm E(x) = (1\times 0.5)+(2\times 0.1)+(3\times 0.22)+(4\times 0.3)+(5\times 0.18)+(6\times 0.12)+(7\times 0.03)[/tex]
[tex]\rm E(x) = 3.94[/tex]
Now, the value of E(y) is given by:
[tex]\rm E(y) = 150+(50\times 3394)[/tex]
E(y) = $347
So, the correct option is given by C) The mean daily salary is greater than $350 per day.
For more information, refer to the link given below:
https://brainly.com/question/21586810
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