4 The number of sales that a telemarketing salesperson does
4. The number of sales that a telemarketing salesperson does in an hour is a random variable X
such that E(X) = 3:5 and V ar(X) = 1:25.
(a) The salesperson gets a base salary of $12 an hour plus a commission of $8 for every sale
he makes. Find the mean and standard deviation of Y , the total amount of money the
salesperson earns an hour.
(b) Find E(4X - X2 + :5)
Solution
