A corner-shop has weekly sales (in thousands of pounds), which can be modelled by the continuous random variable \(X\) with probability density function
$$f(x) = k(x-2)(10-x) \quad 2 \leq x \leq 10,$$
$$f(x) = 0 \quad \text{otherwise}.$$
- Show that \(k = \frac{3}{256}\) and write down the mean of \(X\). [6 marks]
- Find the standard deviation of the weekly sales. [6 marks]
- Find the probability that the sales exceed £8 000 in any particular week. [4 marks]
If the sales exceed £8 000 per week for 4 consecutive weeks, the manager gets a bonus.
- Find the probability that the manager gets a bonus in February. [2 marks]