Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
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
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
