At a certain company, loan agents are paid based on the number of loans they close in a day. Based on company records, the number of loans X that a
randomly selected loan agent closes on a randomly selected day has the probability distribution below.
4
5 6
P(x) 0.05 0.10 0.22 0.30 0.18 0.12 0.03
X
1
2
3
At the company, the daily salary of a loan agent is $150 plus $50 per loan closed. Let Y represent the amount of money made by a randomly selected loan
agent on a randomly selected day.
Which is the mean of X?
Which is the mean of Y?
V
Which is the standard deviation of X?
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which is the standard deviation of Y