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In: Statistics and Probability

Oak hill has 74806 registered automobiles. A city ordinance requires each to display a bumper decal...

Oak hill has 74806 registered automobiles. A city ordinance requires each to display a bumper decal showing that the owner paid an annual wheel tax of $50. By law, new decals need to be purchased during the month of the owner's birthday. This year's budget assumes that at least 306000 in decal revenue will be collected in November. What is the probability that the wheel taxes reported in that month will be less than anticipated and produce a budget shortfall?

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orchestra answered 1 year ago
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