The amount of time needed for a certain machine to process a job is a random variable with mean EXi = 10 minutes and Var(Xi)=2 m
inutes2. The times needed for different jobs are independent from each other. Find the probability that the machine processes less than or equal to 40jobs in 7hours.
Explanation: First find the rate. Divide $94.25 by 13 (hours) to get the rate. Now you know that Max earns $7.25 each hour he works. Multiply his hourly rate by 5 (hours) to get how much Max earns in five hours.