Answer:
0.2776
Explanation:
Mean = 15000, SD = 1500
We need to find Cumulative probability: P(X > 15884)
First we need to convert it into normal distribution.
From the attached file, we can see the shaded area we are looking for.
For conversion as follow; 
Next to find Z = 
= 0.59
now we have converted to normal distribution and found the value of Z, we need to find the probability P(X > 15884).
P(X > 15884) = P(Z > 0.59).
From the normal distribution table at Z= 0.59, and greater than 0.59, Probability = 0.2776.
The concept of present value lets us know that the doggy estate worth in today's dollars is $180614.80
<h3>What is the present value of the doggy estate worth?</h3>
The concept of present value is significant because it enables investors to determine whether the amount they pay for an investment is reasonable. The present value of a future cash flow defines how much it is worth in today's value.
From the given information:
- The annual cashflow C = $20,000
- Interest rate (i) = 4.2% = 0.042
- Number of period (n) = 11
Thus, the present value of the doggy estate can be calculated by using the formula;
![\mathbf{PV = C \times \Big [ \dfrac{1 - \dfrac{1}{(1+i)^n}}{i}\Big] \times (1+i)}](https://tex.z-dn.net/?f=%5Cmathbf%7BPV%20%3D%20C%20%5Ctimes%20%5CBig%20%5B%20%5Cdfrac%7B1%20-%20%5Cdfrac%7B1%7D%7B%281%2Bi%29%5En%7D%7D%7Bi%7D%5CBig%5D%20%5Ctimes%20%281%2Bi%29%7D)
![\mathbf{PV = 20000 \times \Big [ \dfrac{1 - \dfrac{1}{(1+0.042)^{11}}}{0.042}\Big] \times (1+0.042)}](https://tex.z-dn.net/?f=%5Cmathbf%7BPV%20%3D%2020000%20%5Ctimes%20%5CBig%20%5B%20%5Cdfrac%7B1%20-%20%5Cdfrac%7B1%7D%7B%281%2B0.042%29%5E%7B11%7D%7D%7D%7B0.042%7D%5CBig%5D%20%5Ctimes%20%281%2B0.042%29%7D)
PV = $180614.80
Learn more about how to calculate the Present value here:
brainly.com/question/15904086
100 page script, (24,651 words).
Answer: Government transfer payment is a payment made for which no current or future goods or services are required in return. This ALSO includes unemployment insurance benefits. And the government has BEEN paying revenue in unemployment benefits before the pandemic. But due to Co vid
over 10million Americans are unemployed,in result they file for unemployment benefits, which leads to the government paying more revenue in unemployment benefits.
Explanation:
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