Answer:
Step-by-step explanation:
profit to be taxable will be $300,000
Matt home cost = $150,000
Matt sold his home for = $450,000
so,
cost price will be $150,000
selling price will be $450,000
profit = selling price - cost price
profit = $450,000 - $150,000
profit = $300,000
hence the taxable amount for his home this year will be $300,000
And replacing we got:
And then the estimator for the standard error is given by:
For this case we have the following dataset given:
20.05, 20.56, 20.72, and 20.43
We can assume that the distribution for the sample mean is given by:
And the standard error for this case would be:
And we can estimate the deviation with the sample deviation: