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3 years ago

7

Mr. Marcucci received a bonus of $496 from his employer. He has to pay 33% of his bonus to taxes. How much will Mr. Marcucci pay

in taxes?

2 answers:

tiny-mole [99]3 years ago

7 0

Edit: 33% is not $\frac{1}{3}$ , therefore my solution is wrong. The correct answer is 0.33 x 496, which is $163.68

The following is the original solution, which is incorrect.
33% = $\frac{1}{3}$ . Multiply the bonus of $496 by $\frac{1}{3}$ to get the solution of $\frac{496}{3}$ , or 165 and $\frac{1}{3}$

Therefore the solution is $165.33

hammer [34]3 years ago

5 0

If he has to pay 33% of his bonus to taxes, first I would find how much money he gets AFTER taxes are taken. First do 496 x 0.67 = 332.32

Now do 496 - 332.32 and you get 163.68

He will pay 163.68 in taxes.

The answer is $163.68

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3 years ago

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3 years ago

In 2002, the mean age of an inmate on death row was 40.7 years with a standard deviation of 9.6 years according to the U.S. Depa

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Answer:

The <em>95% confidence interval</em> for the current mean age of death-row inmates is between 42.23 years and 35.57 years.

Step-by-step explanation:

The <em>confidence interval</em> of the mean is given by the next formula:

$\\ \overline{x} \pm z_{1-\frac{\alpha}{2}}\frac{\sigma}{\sqrt{n}}$ [1]

We already know (according to the U.S. Department of Justice):

The (population) standard deviation for this case (mean age of an inmate on death row) has a standard deviation of 9.6 years ( $\\ \sigma = 9.6$ years).
The number of observations for the sample taken is $\\ n = 32$ .
The sample mean, $\\ \overline{x} = 38.9$ years.

For $\\ z_{1-\frac{\alpha}{2}}$ , we have that $\\ \alpha = 0.05$ . That is, the <em>level of significance</em> $\\ \alpha$ is 1 - 0.95 = 0.05. In this case, then, we have that the <em>z-score</em> corresponding to this case is:

$\\ z_{1-\frac{\alpha}{2}} = z_{1-\frac{0.05}{2}} = z_{1-0.025} = z_{0.975}$

Consulting a cumulative <em>standard normal table</em>, available on the Internet or in Statistics books, to find the z-score associated to the probability of, $\\ P(z$ , we have that $\\ z = 1.96$ .

Notice that we supposed that the sample is from a population that follows a <em>normal distribution</em>. However, we also have a value for n > 30, and we already know that for this result the sampling distribution for the sample means follows, approximately, a normal distribution with mean, $\\ \mu$ , and standard deviation, $\\ \sigma_{\overline{x}} = \frac{\sigma}{\sqrt{n}}$ .

Having all this information, we can proceed to answer the question.

Constructing the 95% confidence interval for the current mean age of death-row inmates

To construct the 95% confidence interval, we already know that this interval is given by [1]:

$\\ \overline{x} \pm z_{1-\frac{\alpha}{2}}\frac{\sigma}{\sqrt{n}}$

That is, we have:

$\\ \overline{x} = 38.9$ years.

$\\ z_{1-\frac{\alpha}{2}} = 1.96$

$\\ \sigma = 9.6$ years.

$\\ n = 32$

Then

$\\ 38.9 \pm 1.96*\frac{9.6}{\sqrt{32}}$

$\\ 38.9 \pm 1.96*\frac{9.6}{5.656854}$

$\\ 38.9 \pm 1.96*1.697056$

$\\ 38.9 \pm 3.326229$

Therefore, the Upper and Lower limits of the interval are:

Upper limit:

$\\ 38.9 + 3.326229$

$\\ 42.226229 \approx 42.23$ years.

Lower limit:

$\\ 38.9 - 3.326229$

$\\ 35.573771 \approx 35.57$ years.

In sum, the 95% confidence interval for the current mean age of death-row inmates is between 42.23 years and 35.57 years.

Notice that the "mean age of an inmate on death row was 40.7 years in 2002", and this value is between the limits of the 95% confidence interval obtained. So, according to the random sample under study, it seems that this mean age has not changed.

7 0

3 years ago