Answer: $43146
Step-by-step explanation:
So his total earning is $54,000. He has to pay $201 for every $1,000 he earns. So 54,000/1,000= 54. So now he has to pay 54*201=10854, 54000-10854=43146. His net income for this year is $43146.
Answer:
1) 
2) 
3) 
And the variance would be given by:
![Var (M)= E(M^2) -[E(M)]^2 = 207.1 -(13.9^2)= 13.89](https://tex.z-dn.net/?f=Var%20%28M%29%3D%20E%28M%5E2%29%20-%5BE%28M%29%5D%5E2%20%3D%20207.1%20-%2813.9%5E2%29%3D%2013.89)
And the deviation would be:
4) 
And the variance would be given by:
![Var (J)= E(J^2) -[E(J)]^2 = 194.8 -(11.8^2)= 55.56](https://tex.z-dn.net/?f=Var%20%28J%29%3D%20E%28J%5E2%29%20-%5BE%28J%29%5D%5E2%20%3D%20194.8%20-%2811.8%5E2%29%3D%2055.56)
And the deviation would be:
Step-by-step explanation:
For this case we have the following distributions given:
Probability M J
0.3 14% 22%
0.4 10% 4%
0.3 19% 12%
Part 1
The expected value is given by this formula:

And replacing we got:

Part 2

Part 3
We can calculate the second moment first with the following formula:

And the variance would be given by:
![Var (M)= E(M^2) -[E(M)]^2 = 207.1 -(13.9^2)= 13.89](https://tex.z-dn.net/?f=Var%20%28M%29%3D%20E%28M%5E2%29%20-%5BE%28M%29%5D%5E2%20%3D%20207.1%20-%2813.9%5E2%29%3D%2013.89)
And the deviation would be:
Part 4
We can calculate the second moment first with the following formula:

And the variance would be given by:
![Var (J)= E(J^2) -[E(J)]^2 = 194.8 -(11.8^2)= 55.56](https://tex.z-dn.net/?f=Var%20%28J%29%3D%20E%28J%5E2%29%20-%5BE%28J%29%5D%5E2%20%3D%20194.8%20-%2811.8%5E2%29%3D%2055.56)
And the deviation would be:
Answer: 6
Explanation:
3(4-2) = 3(2) = 6