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Sedbober [7]
3 years ago
8

14. The property tax on a medical center is 1 mill or no of a cent ($0.001)

Mathematics
1 answer:
mezya [45]3 years ago
5 0

Answer:

a) $235.65

b) $57,499.58

Step-by-step explanation:

Tax rate is 1 mill or $0.001 on every $1 of appraised value. This means the tax rate is:

Tax rate = $0.001 per $1 = \frac{0.001}{1} \times 100\%=0.1\%

Part a)

Appraised value of medical center = $ 235,654

Tax rate = 0.1%

Tax Amount due = 0.1% of $ 235,65 = \frac{0.1}{100} \times 235,654= \$ 235.654

Thus, the tax due for 1 mill is $235.65 rounded to nearest cent.

Part b)

New Tax rate = 244 mills = \$ \frac{244}{1000} =$0.244

Tax rate is 1 mill or $0.001 on every $1 of appraised value. This means the tax rate is:

Tax rate = $0.244 per $1 = \frac{0.244}{1} \times 100\%=24.4\%

Tax Amount due = 24.4% of $ 235,65 = \frac{24.4}{100} \times 235,654= \$ 57499.576

Thus, the tax due for 244 mills is $57,499.58 rounded to nearest cent.

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Nezavi [6.7K]

Answer:

a. 1200hours

b.  σ² = 400² =160000hour

c. standard error = 133.33

d. for 9 lightbulb it is likely that 9*0.146 = 1.31 bulbs will have lives of fewer than 1,050 hours?

Step-by-step explanation:

mean of 1,200 hours

σ, a standard deviation of 400 hours.

Sample size, N =  nine bulbs,

a) mean of the sample mean lifetime: is given as 1,200 hours

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c) What is the standard error of the sample mean?

The standard deviation of a sampling distribution of mean values is called the standard error of the means,

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The formula for the standard error of the means is true for all values infinite number of sample, N.

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d) the probability that, on average, those nine lightbulbs have lives of fewer than 1,050 hours

The area under part of a normal probability curve is  directly proportional to probability and the value is calculated as

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Using a table of partial areas beneath the standardized normal curve (see Table of normal curve, a z-value of 0.375 corresponds to an area of 0.1460 between the mean value.

Thus the probability of a lightbulbs having lives of fewer than 1,050 hours is 0.1460.

for 9 lightbulb it is likely that 9*0.146 i.e. 1.31 bulbs will have lives of fewer than 1,050 hours?  

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