0.524 is the correct answer (✿^‿^)
Answer:
1,112,438 becomes 1,112,000
Answer:
Option a) Compare the level of significance to the confidence coefficient.
Step-by-step explanation:
We are given the following information in the question:
We are performing a two-tailed test hypothesis. We can follow the following approaches:
Option a) Compare the level of significance to the confidence coefficient.
This cannot be used to perform hypothesis.
Option b) Compare the value of the test statistic to the critical value.
If the test statistic lies in the acceptance region evaluated by the critical value, we accept the null hypothesis. If not, we reject the null hypothesis.
Option c) Compare the confidence interval estimate of μ to the hypothesized value of μ.
If the estimated population lies in the calculated confidence interval, we accept the null hypothesis otherwise, we reject the null hypothesis.
Option d) Compare the p-value to the value of α.
If the p-value is greater than the significance level, we accept the null hypothesis. If it is lower than the significance level, we reject the null hypothesis.
Answer:
0.3333. Equivalent to 1/3
Answer:
Yes, the sales tax in their city is an example of regressive tax
Step-by-step explanation:
Firstly, we need to understand what is meant by the term regressive tax.
What is meant by a regressive tax system is a system of taxation in which there is a decrease in tax rate as there is an increase in amount subjected to tax.
Now, the key to knowing if what we have in the question is a regressive taxation is by calculating the percentage of the tax that was paid.
For the Roosevelt’s , the percentage of tax paid would be 16,000/91,000 * 100% = 17.6%
For the Jasper’s, the percentage of tax paid would be 16,000/37,000 * 100% = 43.24%
We can see that at a lower amount subjected to tax, the Jasper’s paid more and thus we can conclude irrevocably that sales tax in their city is an example of a regressive tax
