Question

In: Math

Question 10.1 (1 point) Suppose that the distribution of income in a certain tax bracket is...

Question 10.1 (1 point) Suppose that the distribution of income in a certain tax bracket is approximately normal with a mean of $53,183.88 and a standard deviation of $1,799.608. Approximately 18.56% of households had an income greater than what dollar amount? Question 11 options: 1) We do not have enough information to calculate the value. 2) 54,793.14 3) 51,574.62 4) 2,842,851 5) 2,949,219 Question 12 (1 point) According to a survey conducted by Deloitte in 2017, 0.4609 of U.S. smartphone owners have made an effort to limit their phone use in the past. In a sample of 89 randomly selected U.S. smartphone owners, what is the probability that greater than 46 will have attempted to limit their cell phone use in the past? Question 10.2 options: 1) 0.0241 2) 0.1703 3) 0.8779 4) 0.0483 5) 0.1221 Question 10.3 (1 point) According to a survey conducted by Deloitte in 2017, 0.4702 of U.S. smartphone owners have made an effort to limit their phone use in the past. In a sample of 54 randomly selected U.S. smartphone owners, what is the probability that between 22 and 29 (inclusively) will have attempted to limit their cell phone use in the past? Question 13 options: 1) 0.1383 2) 0.7244 3) 0.2756 4) 1.0844 5) 0.0132 Question 10.4 (1 point) According to a survey conducted by Deloitte in 2017, 0.44 of U.S. smartphone owners have made an effort to limit their phone use in the past. In a sample of 87 randomly selected U.S. smartphone owners, approximately __________ owners, give or take __________, will have attempted to limit their cell phone use in the past. Assume each pick is independent. Question 14 options: 1) 4.63 , 38.28 2) 38.28 , 21.40 3) 87 , 4.63 4) 38.28 , 0.44 5) 38.28 , 4.63

Solutions

Expert Solution

Question 12:

According to a survey conducted by Deloitte in 2017, 0.4609 of U.S. smartphone owners have made an effort to limit their phone use in the past. In a sample of 89 randomly selected U.S. smartphone owners, The probability that greater than 46 will have attempted to limit their cell phone use in the past is

Question 10.3 (1 point)

According to a survey conducted by Deloitte in 2017, 0.4702 of U.S. smartphone owners have made an effort to limit their phone use in the past. In a sample of 54 randomly selected U.S. smartphone owners, the probability that between 22 and 29 (inclusively) will have attempted to limit their cell phone use in the past is

Question 10.4 (1 point) According to a survey conducted by Deloitte in 2017, 0.44 of U.S. smartphone owners have made an effort to limit their phone use in the past. In a sample of 87 randomly selected U.S. smartphone owners, approximately __________ owners, give or take __________, will have attempted to limit their cell phone use in the past.

Assume each pick is independent. Question 14 options: 1) 4.63 , 38.28 2) 38.28 , 21.40 3) 87 , 4.63 4) 38.28 , 0.44 5) 38.28 , 4.63

Solution: Mean = np = 87*0.44 = 38.28 and SD=sqrt(npq) = Sqrt(87*0.44*0.56 ) =4.63

Correct answer: 5) 38.28 , 4.63



Related Solutions

Chris and Donna are in the 37% tax bracket for ordinary income and the 20% bracket...
Chris and Donna are in the 37% tax bracket for ordinary income and the 20% bracket for capital gains (ignore the 3.8% additional tax on investment income for higher-income taxpayers.) They have owned several blocks of stock for many years. They are considering the sale of two blocks of stock. The sale of one block would produce a gain of $11,000. The sale of the other would produce a loss of $18,000. For purposes of this problem, ignore any restrictions...
(2012 tax bracket) A. using the table, what is the total federal income tax bill for...
(2012 tax bracket) A. using the table, what is the total federal income tax bill for someone who makes $67,000 per year? (show calculations) B. using the table, what is the average tax rate for someone who makes $67,000 per year? (show calculations)
Omar, an individual in the 37% tax bracket, wants to shift some of his income to...
Omar, an individual in the 37% tax bracket, wants to shift some of his income to a new corporation in order to take advantage of the 21% corporate tax rate. Omar plans to avoid any tax on dividends by retaining all earnings within the corporation. Will Omar's plan work? Omar's ability to achieve tax savings by shifting income to a corporation may be limited by __________ . Omar could be subject to a_______ % penalty tax on ______ the corporation.
Question 1 Part A If at a certain point in time the displacement is positive for...
Question 1 Part A If at a certain point in time the displacement is positive for an object moving under simple harmonic motion, what is the sign of its acceleration? A. Depends if the object is moving positively or negatively. B. Can not be determined. C. Positive. D. Negative. Part B For an object in simple harmonic motion, what is the length of time required to return to its original position and to be traveling in the original direction? A....
Assume Ghana operates a 5-bracket annual income tax system that attracts tax rates of 0% for...
Assume Ghana operates a 5-bracket annual income tax system that attracts tax rates of 0% for the first GHS 3828, 5% for the next GHS 1200, 10% for the next GHS 1440, 17.5% for the next GHS 36000, and 25% for any remaining amount. Mr. Mustapha makes GHS 90,000 per year, and has a wife and 2 children. The Government gives a tax exemption/deduction of GHS1500 per family member. Find the following i. Statutory marginal tax rate ii. Effective marginal...
If your taxable income is $190,000 and the marginal tax bracket for amounts $157,500-$200,000 is 32%,...
If your taxable income is $190,000 and the marginal tax bracket for amounts $157,500-$200,000 is 32%, what will be the amount of tax due on your earnings over $157,500?
You are in the 25% income tax bracket. Your employer offers health insurance as a benefit...
You are in the 25% income tax bracket. Your employer offers health insurance as a benefit valued at $4000 per year. Or your employer is offering you $4000 cash if you do not accept the health benefit. If making a rational economic decision, which option do you take?
Based on the wage-bracket method, what is the federal income tax withholding for an employee who...
Based on the wage-bracket method, what is the federal income tax withholding for an employee who is married, paid on a bi-weekly basis, has two federal withholding allowances, and earns $1,317? $63 $120 $67 Which of the following groups may not be paid less than the federal minimum wage? 1.Full-time students 2.Tipped employees 3.State government workers Which must a company have before hiring employees? 1.Employer Identification Notice 2.Employer Identification Number 3.All the above An employer designates any 7-day period as...
For each employee listed, use the wage-bracket method to calculate federal income tax withholding. 1:Phil McGlynn...
For each employee listed, use the wage-bracket method to calculate federal income tax withholding. 1:Phil McGlynn (Married; 3 federal withholding allowances) earned weekly gross pay of $750. Federal income tax withholding = $ 2:Gary Williams (single; 1 federal withholding allowance) earned biweekly gross pay of $1,920. He participates in a flexible spending account, to which he contributes $50 during the period. Federal income tax withholding = $ 3:Lila Downing (single; 2 federal withholding allowances) earned monthly gross pay of $1,285....
Government G levies an income tax with the following rate structure: Percentage Rate Bracket 6 %...
Government G levies an income tax with the following rate structure: Percentage Rate Bracket 6 % Income from –0– to $30,000 10 Income from $30,001 to $70,000 20 Income from $70,001 to $200,000 28 Income in excess of $200,000 Required: Taxpayer A’s taxable income is $122,500. Compute A’s tax and average tax rate. What is A’s marginal tax rate? Taxpayer B’s taxable income is $210,000. Compute B’s tax and average tax rate. What is B’s marginal tax rate?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT