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poizon [28]
3 years ago
5

Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm,

Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?
Mathematics
1 answer:
Veronika [31]3 years ago
3 0

Answer:

Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?a.16.7%b.25.5%c.75.7%d.83.3%e.95.5%14.         Which of the following goals is stated in a way that is most useful for developing a financial plan?

Step-by-step explanation:

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(CHALLENGE QUESTION FOR ALL OF YOU):
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Euler's Identity

Euler's Identity is written simply as: e^(iπ) + 1 = 0, it comprises the five most important mathematical constants, and it is an equation that has been compared to a Shakespearean sonnet.

Step-by-step explanation:

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Simplify the expression to a + bi form:<br> (-6 - 9i)(-11 + 7i)
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Suppose that grade point averages of undergraduate students at one university have a bell-shaped distribution with a mean of 2.5
masya89 [10]

Answer:

z= \frac{3.44-2.54}{0.45}=2

P(X>3.44) = P(Z>2) = 0.025

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the grade points avergae of a population, and for this case we know the following properties

Where \mu=2.54 and \sigma=0.45

The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which states that for a normal distribution, almost all data falls within three standard deviations (denoted by σ) of the mean (denoted by µ). Broken down, the empirical rule shows that 68% falls within the first standard deviation (µ ± σ), 95% within the first two standard deviations (µ ± 2σ), and 99.7% within the first three standard deviations (µ ± 3σ).

So we can find the z score for the value of X=3.44 in order to see how many deviations above or belowe we are from the mean like this:

z= \frac{3.44-2.54}{0.45}=2

So the value of 3.44 is 2 deviations above from the mean, so then we know that the percentage between two deviations from the mean is 95% and on each tail we need to have (100-95)/2 = 2.5% , because the distribution is symmetrical, so based on this we can conclude that:

P(X>3.44) = P(Z>2) = 0.025

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7/9 = 14/18
14-5=9
9/18=1/2
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Math hw write an expression step by step
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Look it up on google man
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