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serg [7]
3 years ago
14

Problem 3.15 page 37 Consider an economy with a flat rate tax system Each dollar of income over $5000 is taxed at 20 Income belo

w $5000 is tax free In general T 2 Y 5000 1000 2Y where T is taxes and Y is income Suppose that the population mean income is $20000 and that the population standard deviation of incomes is $8000 All families have at least $5000 of income a find the mean of T b
Find the standard deviation of T c If the population contains 20 million families what is the government s total tax revenue

Business
1 answer:
kozerog [31]3 years ago
6 0

Answer:

Standard deviation of Tc is 1600

Explanation:

See attached file

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Based on the research, a marketer tells a possible customer that with this new variety of corn they can expect to receive more t
olga nikolaevna [1]

This means that the research shows that 95% of the yield is between 118 to 130 bushels per acre. The mean is 124 bushels per acre and the margin of error is 6 bushels per acre.

<h3>Confidence interval</h3>

Given that 95% confidence interval for the true mean yield is 118 to 130 bushels per acre.

This means that the research shows that 95% of the yield is between 118 to 130 bushels per acre. The mean is 124 bushels per acre and the margin of error is 6 bushels per acre.

Hence:

μ ± E = (118, 130)

where μ is mean and E is margin of error

μ - E = 118 (1)

Also:

μ + E = 130   (2)

From both equations:

μ = 124, E = 6

The mean is 124 bushels per acre and the margin of error is 6 bushels per acre.

Find out more on Confidence interval at: brainly.com/question/15712887

7 0
3 years ago
Discovered
vesna_86 [32]
Um I think it’s number 4.
7 0
3 years ago
Capital One produces a single product, which it sells for $8.00 per unit. Variable costs per unit equal $3.20. The company expec
Mrac [35]

Answer:

<em> 334 units </em><em>sales increase during the month must be required to justify the contemplated expenditure</em>

Explanation:

If management proposes an increase in monthly promotional costs (which is a fixed cost), then the units required to at least cover these extra fixed costs (break -even) must be determined.

<em>Break -even (units) = Fixed Cost / Contribution per unit</em>

<em>                                  </em><em>= $1,600 / ($8.00 - $3.20)</em>

<em>                                  = $1,600 /  $4.80</em>

<em>                                  =  333.333</em>

<em>                                  = 334</em>

<em>Therefore, 334 units must contemplate this expenditure</em>

5 0
4 years ago
Some characteristics of an automotive tire are its Size, Material, Internal Construction (bias ply, steel belted for example), t
Blizzard [7]

Answer:

Money available to the buyer is most important factor which needs to be considered. Also the quality of the old tires is considered before making a decision to replace tires. The life of tire is dependent on the running of the car plus the quality of the roads.  

Explanation:

The tire are replaced once they are damaged. The damage can be through accident, roughness of roads, extra mileage and other similar factors. Once the tire is damaged it is better to replace it by the new one as this can be harmful for the commuters to travel in a car whose tires are damaged. There can be puncture or even tire burst situation which could be a threat to life.

4 0
3 years ago
What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize
Alexxandr [17]

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

5 0
3 years ago
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