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KATRIN_1 [288]
3 years ago
9

According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is

7.5 years. Leroy collected data on video gaming among people with new tablets or iPads to see if the mean age of that group is older or younger. He finds an average age of 36 years based on a sample size of 48. His 95 percent confidence interval is:
Business
1 answer:
Natalka [10]3 years ago
6 0

Answer:

lower range 33.822 years

upper range 38.178 years

Explanation:

step 1:

48 -1 = 47

step 2:

(1 - 95%) / 2 = 0.025

step 3:

we look at the T distribution table for degrees of freedom (df) = 47, and α = 0.025; = 2.0117

step 4:

divide sample standard deviation by square root of sample size

7.5 years / √48 = 7.5 / 6.9282 = 1.0825

step 5:

multiply results from step 3 and 4

2.0117 x 1.0825 = 2.178

step 6:

for the lower range, subtract step 5 from sample mean

36 - 2.178 = 33.822

step 7: for the upper range, add step 5 with sample mean

36 + 2.178 = 38.178

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marguerite is an active participant in an employer-sponsored retirement plan, but her husband, frank, is not. their combined adj
kompoz [17]

The correct statement regarding the deductibility of the IRA contributions by Marguerite and Frank is D) Both Frank and Marguerite may deduct their IRA contributions.

<h3>What are IRA deductible contributions?</h3>

If you are an active participant in an employer-sponsored retirement (and your spouse is not covered by an employer retirement plan), the traditional IRA contributions are tax-deductible up to a maximum of <u>$6,000</u>.

If both joint filers are not covered by the employer retirement plan, their traditional IRA contributions are fully tax-deductible.

<h3>Data:</h3>

Adjusted Gross Income for 2022 = $230,000

IRA contribution = $6,000 each

Total IRA contributions = $12,000

Thus, the correct statement regarding the deductibility of the IRA contributions by Marguerite and Frank is <u>Option D</u>. Both may deduct their IRA contributions.

Learn more about IRA deductible contributions at brainly.com/question/9969005

#SPJ1

<h3>Question Completion with Answer Options:</h3>

A) Marguerite and Frank should open a Roth IRA instead.

B) Frank may deduct his IRA contribution, but Marguerite may not deduct hers.

C) Neither Marguerite nor Frank may deduct an IRA contribution.

D) Both Frank and Marguerite may deduct their IRA contributions.

5 0
2 years ago
Kim has just graduated from law school. She had taken an education loan of $45,000, which now needs to be repaid in equal monthl
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Answer:

Monthly installment is $724.72

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Given:

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Time period (nper) = 6 years or 6×12 = 72 months

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Annual interest = 5% or 0.05

Monthly interest (rate) = 0.05 ÷ 12 = 0.0041667

Calculate monthly installment (pmt) using spreadsheet function =pmt(rate,nper,PV)

Monthly installment is $724.72

Pmt is negative as it is a cash outflow.

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Gatson manufacturing company produces 2 types of tires: Economy tire; Premium tire. The manufacturing time and the profit contri
EastWind [94]

Answer:

(a)Let X1 be the number of economy tires and X2 be the number of premium tires.

Objective function:

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(b) Check attachment for spreadsheet

(c) The maximum profit that can be obtained is $6032

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