Samantha sells pre-owned automobiles for Fast Track Motors. She receives a monthly salary of $750. Samantha also receives a comm
2 answers:
Given, monthly salary of Samantha = $750.
Also given, she receives a ccommission of 1.5% for each sale.
Last month her sales = $202,455.
We have to find 1.5% of $202,455.
1.5% of $202,455 =
=
=
=
So, the amount of commission she received = $3036.825.
Samantha's total salary for the month = Her monthly salary + the commission she received
= $
= $3761.825
So we have got the required answer.
The total salary she received is $3761.825
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Answer:
Odds against the events are 7/9.
Step-by-step explanation:
It is given that:
Odds in favor of event = 2 : 9 or 2/9
Let,
These odds are out of 1.
The odds against the event would be
Odds against = 1 - 2/9
Odds against =
Odds against =
Therefore,
Odds against the events are 7/9.
Answer:
a) Null hypothesis:
Alternative hypothesis:
b)
c)
d)
e) For this case since the statistic is lower than the critical value and the p value higher than the significance level we have enough evidence to FAIL to reject the null hypothesis so then we don't have information to conclude that the true proportion is higher than 0.12
Step-by-step explanation:
Information given
n=1000 represent the random sample selected
X=134 represent the number of young drivers ages 18 – 24 that had an accident
estimated proportion of young drivers ages 18 – 24 that had an accident
is the value that we want to verify
represent the significance level
Confidence=95% or 0.95
z would represent the statistic
Alternative hypothesis:
The statistic would be given by:
(1)
Part b
For this case since we are conducting a right tailed test we need to find a critical value in the normal standard distribution who accumulates 0.05 of the area in the right and we got:
Part c
For this case the statistic would be given by:
Part d
The p value can be calculated with the following probability:
Part e
For this case since the statistic is lower than the critical value and the p value higher than the significance level we have enough evidence to FAIL to reject the null hypothesis so then we don't have information to conclude that the true proportion is higher than 0.12