1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mr_godi [17]
2 years ago
7

Say that Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually

. If the Thai government wants to raise $70 billion in tax revenue, approximately where should it set the income tax rate? a. 5% b. 15% c. 23% d. 29%.
Mathematics
1 answer:
marysya [2.9K]2 years ago
6 0

The income tax rate must be 29%.

Given that,

Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually.

If the Thai government wants to raise $70 billion in tax revenue,

We have to find,

The approximately where should it set the income tax rate?

According to the question,

Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually.

\rm Total \ income = Number \ of \ people \times Income \ per \ person\\\\Total \ income = 35,709,487 \times 8,630\\\\Total \ income = 308,172,872,810

If the Thai government wants to raise $70 billion in tax revenue,

Then,

The income tax rate is,

\rm Tax\  rate = \dfrac{70,000,000,000,}{308,172,872,810}\\\\Tax \ rate = 0.29\\\\Tax \ rate = 29 \ percent

Hence, The income tax rate must be 29%.

For more details refer to the link given below.

brainly.com/question/16016455

You might be interested in
Find x.<br> 20 cm<br> 12 cm<br> Х<br> X =<br> cm
frez [133]
Use pythagorean therom, so A^2 would be 12 since it’s the same lengths the square sides, and C^2 is 20. X= 16
6 0
3 years ago
B is the midpoint of AC. If AB= X +5 and BC = 2X -11, find the measure of AB
Murljashka [212]
First, you know that B is the mid point, meaning AB is equal to BC. Therefore, you can set up the equation: x+5=2x-11. Then, you solve for x. Once you are done solving, you should get 16. Hope this helps!
5 0
3 years ago
Read 2 more answers
Will Will Smith smith Will Smith?
Feliz [49]

Answer:

Ok

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
HELP PlZ ASAP NO LINKS
il63 [147K]
0 and 2 is the most logical answer
8 0
3 years ago
Will improving customer service result in higher stock prices for the companies providing the better service? "When a company’s
Orlov [11]

Question:

Company                           2007 Score          2008 Score

Rite Aid                                73                          76

Expedia                                75                          77

J.C. Penney                          77                          78

a. For Rite Aid, is the increase in the satisfaction score from 2007 to 2008 statistically  significant? Use α= .05. What can you conclude?

b. Can you conclude that the 2008 score for Rite Aid is above the national average of  75.7? Use α= .05.

c. For Expedia, is the increase from 2007 to 2008 statistically significant? Use α= .05.

d. When conducting a hypothesis test with the values given for the standard deviation,

sample size, and α, how large must the increase from 2007 to 2008 be for it to be statistically  significant?

e. Use the result of part (d) to state whether the increase for J.C. Penney from 2007 to  2008 is statistically significant.

Answer:

a. There is sufficient statistical evidence to suggest that the increase in satisfaction score for Rite Aid from 2007 to 2008 is statistically significant

b. There is sufficient statistical evidence to suggest that the 2008 Rite Aid score, is above the national average of 75.7

c. The statistical evidence support the claim of a significant increase from 2007 to 2008

d. 1.802 and above is significant

e. The increase of J. C. Penney from 2007 is not statistically significant.

Step-by-step explanation:

Here we have

n = 60

σ = 6

μ₁ = 73

μ₂ = 76

We put H₀ : μ₁ ≥ μ₂ and

Hₐ : μ₁ < μ₂

From which we have;

z=\frac{(\mu_{1}-\mu_{2})}{\sqrt{\frac{\sigma_{1}^{2} }{n_{1}}+\frac{\sigma _{2}^{2}}{n_{2}}}} = \frac{(\mu_{1}-\mu_{2})}{\sqrt{\frac{2\sigma_{}^{2} }{n_{}}}}}

Plugging in the values we have

z =  \frac{(73-76)}{\sqrt{\frac{2\times 6^{2} }{60_{}}}}} = -2.7386

The probability, P from z function computation gives;

P(Z < -2.7386) = 0.0031

Where we have P < α, we reject the null hypothesis meaning that there is sufficient statistical evidence to suggest that the increase in satisfaction score for Rite Aid from 2007 to 2008 is statistically significant

b. To test here, we have

H₀ : μ ≤ 75.7

Hₐ : μ > 75.7

The test statistic is given as follows;

z=\frac{\bar{x}-\mu }{\frac{\sigma }{\sqrt{n}}} = \frac{76-75.7 }{\frac{6 }{\sqrt{60}}} = 0.3873

Therefore, we have the probability, P given as the value for the function at z = 0.3873 that is we have;

P = P(Z > 0.3873) = P(Z < -0.3873) = 0.3493

Therefore, since P > α which is 0.05, we fail to reject the null hypothesis, that is there is sufficient statistical evidence to suggest that the 2008 Rite Aid score, is above the national average of 75.7

c. Here we put

Null hypothesis H₀ : μ₁ ≥ μ₂

Alternative hypothesis Hₐ : μ₁ < μ₂

The test statistic is given by the following equation;

z=\frac{(\mu_{1}-\mu_{2})}{\sqrt{\frac{\sigma_{1}^{2} }{n_{1}}+\frac{\sigma _{2}^{2}}{n_{2}}}} = \frac{(\mu_{1}-\mu_{2})}{\sqrt{\frac{2\sigma_{}^{2} }{n_{}}}}}

Plugging in the values we have

z =  \frac{(75-77)}{\sqrt{\frac{2\times 6^{2} }{60_{}}}}} = -1.8257

The probability, P from z function computation gives;

P(Z < -1.8257) = 0.03394

The statistical evidence support the claim of a significant increase

d. For statistical significance at 0.05 significant level, we have z = -1.644854

Therefore, from;

z=\frac{(\bar{x_{1}}-\bar{x_{2}})-(\mu_{1}-\mu _{2} )}{\sqrt{\frac{\sigma_{1}^{2} }{n_{1}}-\frac{\sigma _{2}^{2}}{n_{2}}}}. we have;

z \times \sqrt{\frac{\sigma_{1}^{2} }{n_{1}}+\frac{\sigma _{2}^{2}}{n_{2}}} + (\mu_{1}-\mu _{2} )}{} ={(\bar{x_{1}}-\bar{x_{2}})

Which gives

{(\bar{x_{1}}-\bar{x_{2}}) = z \times \sqrt{\frac{2\sigma_{}^{2} }{n_{}}}} + (\mu_{1}-\mu _{2} )}{}  = -1.644854 \times \sqrt{\frac{2\times 6_{}^{2} }{60_{}}}} + 0 = -1.802

Therefore an increase of 1.802 and above is significant

e. Based on the result of part d. we have for J.C. Penney from 2007 to 2008 an increase of 1  which is less than 1.802 at 5% significant level, is not significant.

5 0
3 years ago
Other questions:
  • Steven wakes up for school at 6:30 in the morning. if school starts at 8:00 am, how long does he have from the time he wakes up
    12·1 answer
  • Write the ratio 2/3 to 8 as a fraction in simplest form
    12·1 answer
  • Which phrase correctly describes the solution to the quadratic equation?
    13·1 answer
  • (36xa - 30xb) ÷ (-6x2)
    11·1 answer
  • Which is the graph of the linear inequality x – 2y &gt; –6?
    13·2 answers
  • Id isknkchxoi;CqDSNC.ANKBBUwb.nfbe;ufW;f;
    9·2 answers
  • Mason and Laney ran laps to train for the long-distance running team. The ratio of the number of laps Mason ran to the number of
    9·1 answer
  • The population of a town is 9,000, and it grows at a rate of 4.6% per year. What will the population be in 10 years ?
    7·1 answer
  • 100 POINTS PLUS BRAINLY
    15·2 answers
  • L = 5t + 12
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!