A group of 50,000 tax forms has an average gross income of $37,000, with an SDof about $20,000. Furthermore, 20% of the forms have a gross income over$50,000. A group of 900 forms is chosen at random for audit. What is the chancethat between 19% and 21% of the forms chosen for audit have gross income over$50,000? (Show the box model and the result of your work.)Answer:%

Given data,P( income > $50000) = 0.20n = 900Need to determine .

Answered: A group of 50,000 tax forms has an…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 900 tickets. There is one $1,000 grand prize, three $500 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. Question Help: Written Example > Next Question %23 44 F1 19 23 14 F6 F7 F10 %23 24 &. 2 4. 8. 9. Q Y U A S D K Z V M option command .. •- JI B w/
The boxplot below shows salaries for CPAS and Actuaries in a town. СРА Actuary 20 30 40 50 60 70 80 90 100 110 Salary (thousands of $) If a person is making the third quartile salary for a CPA, they are making less than % of Actuaries.
A survey was conducted two years ago asking college students their top motivations for using a credit card. You think this distribution has changed. You randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the distribution? Use a = 0.025. Complete parts (a) through (d). Response Old Survey % 29% New Survey Frequency, f Rewards 110 Low rates Cash back Discounts 23% 96 21% 109 7% 46 Other 20% 64 O B. The distribution of motivations is 110 rewards, 96 low rate, 109 cash back, 46 discounts, and 64 other. O C. The distribution of motivations is 29% rewards, 23% low rate, 21% cash back, 7% discounts, and 20% other. Which hypothesis is the claim? o Ho (b) Determine the critical value, Yo, and the rejection region. X = 11.143 (Round to three decimal places as needed.) Choose the correct rejection region below. Oc. X
ou are doing a problem where you have a negative z-score, and you have to look up the proportion of the shaded area in the tail beyond that z-score; in other words, you are shading to the left from your z-score, and looking for the proportion that you shaded. Four “proportions” are given below. Which one is the ONLY one that could potentially be the number you are looking for? (Hint: Think about what you know about proportions: What kind of number are they? And what things can they represent?) Group of answer choices p = 0.3800 p = -0.1500 p = 1.1500 p = 0.5635
The second slide is the first part of the question and the first slide is the second part of the question
p value?
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