Paul earned $72,000 last year. If the first $30,000 is taxed at 10% and income above that is taxed at 19%,
2 answers:
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Answer:
(a) 3.75
(b) 2.00083
(c) 0.4898
Step-by-step explanation:
It is provided that X has a continuous uniform distribution over the interval [1.3, 6.2].
(a)
Compute the mean of X as follows:
(b)
Compute the variance of X as follows:
(c)
Compute the value of P(X < 3.7) as follows:
Thus, the value of P(X < 3.7) is 0.4898.