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A charitable distribution solicits donations by telephone. Employees are paid $60 plus 20% of the money their calls generate each week. The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9438883

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