On December 17, 2010 The Boston Globe carried an Associated Press report saying that: "The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent, to 93.3 million." (a) What was the percentage increase in the average tax refund from 2009 to 2010? (b) How many refunds were there in 2009? (c) The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total amount refunded changed from 2009 to 2010. Find that change in both absolute and relative terms. Total amount refunded in 2009: Total amount refunded in 2010

On December 17, 2010 The Boston Globe carried an Associated Press report saying that: "The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent, to 93.3 million." (a) What was the percentage increase in the average tax refund from 2009 to 2010? (b) How many refunds were there in 2009? (c) The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total amount refunded changed from 2009 to 2010. Find that change in both absolute and relative terms. Total amount refunded in 2009: Total amount refunded in 2010

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Quantitative Reasoning 3. On December 17, 2010 The Boston Globe carried an Associated Press report saying that: "The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent, to 93.3 million." (a) What was the percentage increase in the average tax refund from 2009 to 2010? (b) How many refunds were there in 2009? (c) The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total amount refunded changed from 2009 to 2010. Find that change in both absolute and relative terms. Total amount refunded in 2009: Total amount refunded in 2010: Absolute change: Relative change:

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