The average car sold from dealership a is 25,700. If the salesperson receives 1.5% commission on the price of the car, how much
1 answer:
Answer:
Average commission = $385.50
Step-by-step explanation:
Commission is calculated by multiplying the sales price by the decimal equivalent of the percentage. To convert a percentage to a decimal, we can divide by 100, or move the decimal point two places to the left:
1.5 = .015 or
Since the average car sold at the dealship is $25,700, we can multiply this sales price by 0.015 to get the amount of commission made on average:
25,700 x 0.015 = $385.50.
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Answer:
($13,300,$46,900)
Step-by-step explanation:
We are given the following in he question:
Mean, μ = $30,100
Standard Deviation, σ = $5,600
Chebyshev's Theorem:
- According to theorem atleast
percent of data lies within 2 standard deviations of mean.
- For k = 3,
Thus, 89% of data lies within three standard deviation of mean.
Thus, we expect at least 89% of new car prices to fall within ($13,300,$46,900)