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Vaselesa [24]
3 years ago
7

The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a me

an of $235 and a standard deviation of $20. According to the standard deviation rule, how much did almost all (99.7%) of the students spend on textbooks in a semester?
Business
1 answer:
Ronch [10]3 years ago
3 0

Answer: $295

Explanation:

Given that,

Amount spent by the students is normal in shape

Mean = $235

Standard deviation = $20

99.7% is within 3 standard deviations of the mean:

= Mean + 3 × Standard deviation

= $235 + 3 × $20

= $235 + $60

= $295

The amount of $295 is spent by all the students on textbooks.

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Miguel has been working at his job for 3 years and already filled out a W-4 when he was first hired. This year, he just got marr
klio [65]

Based on the information given what should he do is: Make a request to fill out a new W-4 from his employer.

<h3>What is a W-4 form?</h3>

A W-4 form is a tax which an employee fill so as to enable the employer knows the amount of tax that should be withhold from their employees bank check that was given to the employee by the employer.

Since he already filled out a W-4 when he was first hired and he just got married he should request to fill out a new W-4 from his employer.

Filling out a new W-4 from his employer will enable the employer knows how much that that he should be withhold reason being that the W-4  will show Miguel tax situation to the employer.

Inconclusion  what should he do is: Make a request to fill out a new W-4 from his employer.

Learn more about W-4 form here:brainly.com/question/15507745

5 0
2 years ago
Under the terms of his salary agreement, president Steve Walters has an option of receiving either an immediate bonus of $71,500
Semenov [28]

Answer: Walters should accept the immediate bonus of $71,500. See explanation below.

Explanation: In order to determine the better form of settlement, we will have to calculate the present value of $91,000 payable in 10 years, at a 4% interest rate and compare the answer with $71,500.

The formula for calculating present value (PV) is given as:

PV = C/(1 + r)^n

Where;

C = amount of money payable ($91,000)

r = percentage interest rate (4%)

n = number of years (10 years)

PV = 91,000/(1 + 0.04)^10

PV = 91,000/(1.04)^10

PV = 91,000/1.48

PV = 61,486.486

Therefore, the present value of $91,000 payable in 10 years at a 4% interest rate is approximately $61,486.50. This value is lesser than $71,500.

Hence, the form of settlement that Walters should accept is an immediate bonus of $71,500.

3 0
3 years ago
Five years ago Constellation, Inc., sold an issue of 20-year $1000 par bonds to finance a new distribution terminal. The bonds p
Natasha_Volkova [10]

Answer:

$1,028.11

Explanation:

In this question we use the Present value formula that is presented on the attached spreadsheet

Given that,  

Future value = $1,000

Rate of interest = 6.7%  ÷ 2 = 3.35%

NPER = (20 years - 5 years) × 2 = 30 years

PMT = $1,000 × 7% ÷ 2 = $35

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $1,028.11

4 0
3 years ago
A person who wants to cash his paycheck is advised to go to his bank rather than to a check cashing store because check cashing
Marianna [84]
<span>Often take a commission for their service. The commission could be a flat rate or a percentage of the check. Generally banks do not charge their customers to cash checks. A bank may charge a small fee to cash a check if the person is not their customer.</span>
3 0
4 years ago
A university issues a bond with a face value of $5000 and a coupon rate of 4. 41% that matures on july 15, 2018. The holder of s
Margaret [11]

The coupon payments would be made twice every year.

What is coupon payment?

Coupon payment means the cash amount that bondholders would receive from the university(bond issuer) on periodic basis till the bond matures, it is likely that the coupons are payable semiannually or annually as would be determined in this analysis.

The coupon payment is closely related with the coupon rate , which means that in order to determine the number of times in a year that coupons will be paid we can make use of the coupon received, the par value, the coupon rate, such that the frequency of coupon payments would be the unknown as shown below:

coupon receipt=par value*coupon rate/coupon frequency

coupon receipt=$110.25

par value=$5000

coupon rate=4.41%

coupon frequency=unknown(assume it is X)

$110.25=$5,000*4.41%/X

$110.25=$220.50/X

X=$220.50/$110.25

X=2

Coupons would be twice every year, which means semiannual coupon payments

Read more on coupon frequency on:brainly.com/question/16748047

#SPJ1

7 0
2 years ago
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