Mathematics, 11.03.2020 21:26 alexsandra120505
An author receives a contract from a publisher according to which he is to be paid a fixed sum of $1200 plus $0.95 for each copy of his book sold. His uncertainty about total sales of the book can be represented by a random variable with a mean of 4100 and a standard deviation of 500. Find the mean and standard deviation of the total payments he will receive.
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