9514 1404 393
Answer:
$3400
Step-by-step explanation:
The way these tax tables are structured, you pay 3% on the first $10,000, 5% on the next $40,000, and 5.5% on the remaining $20,000 above $50,000.
tax = 0.03·10,000 +0.05·(50,000 -10,000) +0.055·(70,000 -50000)
= 300 + 2000 +1100
= 3400 . . . dollars
The tax owed on $70,000 is $3,400.
_____
<em>Additional comment</em>
I like to rewrite this sort of table to a different format:
- 3% of income . . . . . . . . . . . . . . . applies for income ≤ 10,000
- (5% of income) -$200 . . . . . . . . applies for 10,000 < income ≤ 50,000
- (5.5% of income) -$450 . . . . . . .applies for 50,000 < income ≤ 100,000
For an income of $70,000, the tax computation using this form is one multiplication and one addition, rather than 3 multiplications and 4 additions as used when navigating the given table.
Answer: 11.5%
Explanation:Since 1 minute = 60 seconds, we multiply 12 minutes by 60 so that 12 minutes = 720 seconds. Thus, we're looking for a probability that the auditor will spend more than 720 seconds.
Now, we get the z-score for 720 seconds by the following formula:

where

So, the z-score of 720 seconds is given by:

Let
t = time for the auditor to finish his work
z = z-score of time t
Since the time is normally distributed, the probability for t > 720 is the same as the probability for z > 1.2. In terms of equation:

Hence, there is
11.5% chance that the auditor will spend more than 12 minutes in an invoice.
Answer:
I got confused
Step-by-step explanation:
Answer:
3/5 books
Step-by-step explanation:
Divide 9 by 15 to get 0.6
0.6=3/5
The standard error of the mean is 12.
The standard error of the mean points to the standard deviation of the distribution of a sample mean obtained from a population.
The standard error S.E of the mean can be calculated by using the formula:

where;
- standard deviation
= 24 - sample size n = 4


S.E = 12
Learn more about the Standard error of the mean here:
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