A newspaper article discussing whether Social Security could be cut offered the information shown in the figure below. Use the information in these graphs to answer the question. The crunch to come... Social security taxes were raised to build a surplus... Collected Money paid into the system has been greatly exceeding benefits since 1983. Scale in billions of dollars. I I I I I I 1960 65 70 75 80 85 '90 But the baby boomers will break the bank... By one government projection, the Social Security system will be paying out more than it is taking in by 2015, and the trust fund will run out of money by the year 2036. Scale in billions of dollars. Paid out When will the baby boomers break the bank? $300 I I I I 1995 00 05 10 15 20 25 30 35 250 200 150 100 50 0 $5,000 4,000 3,000 2,000 1,000 0 ...These taxes have increased at a faster rate than the federal income tax Federal taxes, treated as if they were equal in 1982. (1982 = 100) Social Security and Medicare Income tax ..Because there will be fewer workers to tax 200 150 100 50 ||||||||||||| '80 81 82 83 84 85 86 87 88 89 90 91 92 est. How many workers pay into Social Security for each person getting benefits. der 3.7 3.2 3.4 3.2 2.9 2.4 2.0 2.0 1970 1980 1990 2000 2010 2020 2030 2040
A newspaper article discussing whether Social Security could be cut offered the information shown in the figure below. Use the information in these graphs to answer the question. The crunch to come... Social security taxes were raised to build a surplus... Collected Money paid into the system has been greatly exceeding benefits since 1983. Scale in billions of dollars. I I I I I I 1960 65 70 75 80 85 '90 But the baby boomers will break the bank... By one government projection, the Social Security system will be paying out more than it is taking in by 2015, and the trust fund will run out of money by the year 2036. Scale in billions of dollars. Paid out When will the baby boomers break the bank? $300 I I I I 1995 00 05 10 15 20 25 30 35 250 200 150 100 50 0 $5,000 4,000 3,000 2,000 1,000 0 ...These taxes have increased at a faster rate than the federal income tax Federal taxes, treated as if they were equal in 1982. (1982 = 100) Social Security and Medicare Income tax ..Because there will be fewer workers to tax 200 150 100 50 ||||||||||||| '80 81 82 83 84 85 86 87 88 89 90 91 92 est. How many workers pay into Social Security for each person getting benefits. der 3.7 3.2 3.4 3.2 2.9 2.4 2.0 2.0 1970 1980 1990 2000 2010 2020 2030 2040
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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Transcribed Image Text:17.
DETAILS SMITHNM13 14.1.055.
A newspaper article discussing whether Social Security could be cut offered the information shown in the figure below. Use the information in these graphs to answer the question.
The crunch to come...
Social security taxes were
raised to build a surplus...
Money paid into the system has
been greatly exceeding
benefits since 1983.
Scale in billions of dollars.
I I I T
1960 '65 '70 '75
But the baby boomers
will break the bank...
Collected
out of money by the
year 2036.
Scale in billions
of dollars.
By one government projection,
the Social Security system will
be paying out more than it is
taking in by 2015, and
the trust fund will run
||||||| I I
T
1995 '00 05 10 15
I
1
'80 '85 '90
I
$20
When will the baby boomers break the bank?
Paid out
T
'25
I
'30
I
35
$300
250
200
150
100
50
0
$5,000
4,000
3,000
2,000
1,000
0
...These taxes have increased
at a faster rate than the
federal income tax
Federal taxes,
treated as if they
were equal in 1982.
(1982= 100)
Social Security
and Medicare
Income tax
...Because there will be
fewer workers to tax
200
150
100
50
|||||||||||||
'80 '81 ¹82 '83 '84 '85 '86 '87 '88 '89 ¹90 ¹91 ¹92 est.
How many workers pay into Social Security for each
person getting benefits.
MY NOTES
3.7 3.2 3.4 3.2 2.9 2.4 2.0 2.0
W-WI
T
1970 1980 1990 2000 2010 2020 2030 2040
ASK YOUR TEACHER
Transcribed Image Text:22.
DETAILS SMITHNM13 14.3.042.
MY NOTES
A normal distribution has a mean of 85.3 and a standard deviation of 4.87. Find the data value corresponding to the value of z given. (Enter your answer to four decimal places.)
z = 0.65
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