A school districts property tax rate rises from 2.5% to 2.7% to cover a $300,000 budget deficit. What is the value of the proper
1 answer:
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Answer:
- -2.2
- 1.4%
- -0.6
- 27.4%
- 26%
The z-value is computed from ...
... z = (x -µ)/σ
... z = (184 -206)/10 = -2.2 . . . . for $184
... z = (200 -206)/10 = -0.6 . . . . for $200
You can look up these values in a normal distribution table, or you can use an appropriate calculator to find the corresponding percentiles.
... -2.2 corresponds to the 1.390 percentile. (That amount of area is below -2.2 standard deviations from the mean.)
... -0.6 corresponds to the 27.425 percentile.
Subtracting the two percentages gives the percentage of expenses between $184 and $200. That number is 26.035% ≈ 26%.
_____
<em>Comment on the calculator display</em>
The difference that got cut off from the display in the attachment is ...
... 0.2603496703
The <em>normalcdf( )</em> function requires a lower limit. Using -8 standard deviations is effectively equivalent to -∞ for this purpose, as any lower number has no effect on the least-significant digits of the result.
Answer:
20%
Step-by-step explanation:
To change a fraction to a percentage , multiply by 100%
× 100%
= 0.2 × 100%
= 20%