2. The weekly sales, \(S\), in thousands of pounds, of a small business has probability density function
$$\mathrm { f } ( s ) = \left\{ \begin{array} { c c }
k ( s - 2 ) ( 10 - s ) & 2 < s < 10
0 & \text { otherwise }
\end{array} \right.$$
- Use algebraic integration to show that \(k = \frac { 3 } { 256 }\)
- Write down the value of \(\mathrm { E } ( S )\)
- Use algebraic integration to find the standard deviation of the weekly sales.
A week is selected at random.
- Showing your working, find the probability that this week's sales exceed \(\pounds 7100\) Give your answer to one decimal place.
A quarter is defined as 12 consecutive weeks.
The discrete random variable \(X\) is the number of weeks in a quarter in which the weekly sales exceed £7100
The manager earns a bonus at the following rates:
| \(\boldsymbol { X }\) | Bonus Earned |
| \(X \leqslant 5\) | \(\pounds 0\) |
| \(X = 6\) | \(\pounds 1000\) |
| \(X \geqslant 7\) | \(\pounds 5000\) |
- Using your answer to part (d), calculate the manager's expected bonus per quarter.