A line that has a y-intercept of 0 and passes through (12, 4)
1 answer:
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Answer:
$12500
Step-by-step explanation:
Given that:
Salary plan 1:
Weekly salary of $500.
And a commission of 4%.
Salary plan 2:
Straight commission of 8%.
To find:
Weekly sales for which both the plans will make the same sales?
Solution:
Let the weekly sales = $
As per question statement:
Salary as per Plan 1 = $500 + 4% of
Salary as per Plan 2 = 8% of
Putting both the salaries to equal to find the total weekly sales.
$500 + 4% of = 8% of
Therefore, the answer is:
For the sales of $12500, the salary will be same from both the plans.
The probability is 0.8997.
We will use a z-score to answer this question. z-scores are given by the formula
With our information, we have
Looking this up in a z-table (http://www.z-table.com) we see that the area to the left of this (everything less than, up to this value) is 0.8997.
We will use a z-score to answer this question. z-scores are given by the formula
With our information, we have
Looking this up in a z-table (http://www.z-table.com) we see that the area to the left of this (everything less than, up to this value) is 0.8997.