The chart shows taxable income.IncomeDeductionsTaxable IncomeTaxesTax CreditTaxes owed$50,000$8,950$41,050$7,090-$1,500$5,590Whi
ch explains a difference between income and taxableincome?Income is what a person earns, while taxable incomereflects deductions for various expenses.Income is what a person earns, while taxable incomereflects what is left after paying federal taxesIncome is what a person earns, while taxable incomereflects what is left after paying local and state taxes.Income is what a person earns, while taxable incomereflects what is received from the IRS in a tax refund.
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Answer:
The parameters of this exponential distribution is =
.
Step-by-step explanation:
We are given that the random variable X is known to be exponentially distributed and let X be the time it takes for a person to choose a birthday gift, where X has an average value of 27 minutes.
<u><em>So, X = time it takes for a person to choose a birthday gift</em></u>
The probability distribution function of exponential distribution is given by;
where,
= parameter of distribution.
Now, the mean of exponential distribution is = which is given to us as average value of 27 minutes that means
.
So, X ~ Exp( ) .
Therefore, the parameter of this exponential distribution is .