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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.

  1. Find the expected salary of the salesperson during January.

  2. Find the variance of the salary of the salesperson.

Math   Statistics-And-Probability   
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