Answer:
a) P = 0.08s +200
b) $488
c) $6250
Step-by-step explanation:
<h3>a)</h3>
Your answer is correct. The commission rate is multiplied by the sales amount, and that product is added to the guaranteed pay to get the paycheck amount:
P = 0.08s +200
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<h3>b)</h3>
Fill in 3600 for s and do the arithmetic.
P = 0.08×3600 +200 = 288 +200 = 488
The paycheck amount will be $488.
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<h3>c)</h3>
Use the equation for part (a) and solve for P = 700.
700 = 0.08s +200
500 = 0.08s . . . . . . subtract 200
500/0.08 = s = 6250 . . . dollars; divide by the coefficient of s to get this
Sales would have to be $6250.
There are 16 possible outcomes.
Out of all 16 outcomes, there is only one way to get the result T T T T.
Therefore, the probability is 1/16 or
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0.0625
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