Question
A salesperson tries to recruit new customers. The salesperson estimates that the probability of recruiting a...
A salesperson tries to recruit new customers. The salesperson estimates that the probability of recruiting a new customer is 0.3. During January he will try to recruit 100 new customers. The salesperson receives a wage of $1,000 and bonus of $100 for each new customer he is able to recruit.
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Find the expected salary of the salesperson during January.
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Find the variance of the salary of the salesperson.
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