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shusha [124]
3 years ago
13

Steve is choosing between two jobs at Smithsonian museums. One job is funded through the federal government and offers a pension

plan. The other job is privately funded and offers a 403(b) plan similar to a 401(k) plan, in which the Smithsonian would contribute 7% of Steve's salary. What factor would make Steve prefer the federal job and pension?
Mathematics
2 answers:
Lyrx [107]3 years ago
7 0

Answer:

The government career are likely to be more stable than the private sector

Step-by-step explanation:

The federal job will likely to be more stable. This is because of the decided benefits that are offered by the employer after finishing the career. This is unlike the privately funded job that offers the decided contribution, but can become easily less stable and affected by the changes in the economy. Hence, as a result of the factors, Steve will prefer a federal job.

lora16 [44]3 years ago
4 0
Private funding can run out. federal funding will likely not run out
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Answer:

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And we want the probability from 0 to two deviations above the mean and we got 95/2 = 47.5 %

b) P(X

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Step-by-step explanation:

For this case we have a random variable with the following parameters:

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From the empirical rule we know that within one deviation from the mean we have 68% of the values, within two deviations we have 95% and within 3 deviations we have 99.7% of the data.

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And replacing we got

z= \frac{34-34}{2.5}= 0

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P(X

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So one deviation below the mean we have: (100-68)/2 = 16%

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z= \frac{29-34}{2.5}= -2

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