large auto dealership keep track of sales and lease agreements made during each hour of the day. Let X = the number of cars sold and Y = the number of cars leased during the first hour of business on a randomly selected friday. Based on previous records, the distribution of X and Y are as follows:
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A large auto dealership keep track of sales and lease agreements made during each hour of the day. Let X = the number of cars sold and Y = the number of cars leased during the first hour of business on a randomly selected friday. Based on previous records, the distribution of X and Y are as follows:
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SUC
A large auto dealership keeps track of sales and lease
agreements made during each hour of the day. Let X
the number of cars sold and Y = the number of cars
leased during the first hour of business on a randomly
selected Friday. Based on previous records, the
distributions of X and Y are as follows:
%3D
Hx% o, = 0.943
= 1.1 and
Hy = 0.7 and o, = 0.64
%3D
The dealership's manager receives a $500 bonus for
each car sold and a $300 bonus for each car leased.
Find the mean and standard deviation of the
manager's total bonus B. (Hint: This combines linear
transformations AND combining random variables)
A. H = $550
= $471.50
(Go to Question #5)
B. H= $210
$192
(Go to Question #7)
%3D
$760
%3D
03= $663.50
(Go to Question #2)
D. H= $760
0 = $509.09
%3D
(Go to Question #3y
%3D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F705ec10c-a0b0-4d88-a56a-a4b44d8ef485%2F14f8ecab-dfae-4962-adce-474193930a6e%2F0vpuzz8.jpeg&w=3840&q=75)
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