Complete question :
Each state imposes its own excise tax on gasoline. Suppose, for example, that the state of Massachusetts imposes a state gasoline tax of $0.26 per gallon. Suppose further that an average of 1,022,000 gallons of gasoline per day were sold in Massachusetts in 2010. The average revenue from gasoline tax in 2010 is approximately?
Answer:
$265,720
Step-by-step explanation:
Given that:
State gasoline tax = $0.26 per gallon
Average number of gasoline sold per day = 1,022,000 gallons
. From the availabke information given :
Revenue generated = gasoline tax per gallon multiplied by the average number of gallons sold
= $0.26 * 1,022,000
= $265,720
Answer: The number of first-year residents she must survey to be 95% confident= 263
Step-by-step explanation:
When population standard deviation (
) is known and margin of error(E) is given, then the minimum sample size (n) is given by :-
, z* = Two-tailed critical value for the given confidence interval.
For 95% confidence level , z* = 1.96
As,
= 8.265, E = 1
So, ![n= (\dfrac{1.96\times8.265}{1})^2 =(16.1994)^2\\\\= 262.42056036\approx263\ \ \ [\text{Rounded to the next integer}]](https://tex.z-dn.net/?f=n%3D%20%28%5Cdfrac%7B1.96%5Ctimes8.265%7D%7B1%7D%29%5E2%20%3D%2816.1994%29%5E2%5C%5C%5C%5C%3D%20262.42056036%5Capprox263%5C%20%5C%20%5C%20%5B%5Ctext%7BRounded%20to%20the%20next%20integer%7D%5D)
Hence, the number of first-year residents she must survey to be 95% confident= 263
Answer:
I would say 1.5in
Step-by-step explanation:
Since the skier has to rent skis for 30 dollars per day with
both passes, we can ignore it while solving the question.
A season pass is 350, while a daily pass is 75.

So a seasonal pass is equivalent to having 4.6667 daily passes. And you can't buy 0.6667 of a pass.
So, if you went at least 5 days with a seasonal pass, then the seasonal pass would be less expensive than a daily pass.