PROBLEM 1: Among all the forms of income declaration for payment and taxes, completed in a certain year, the average of the tax paid was $ 2000 and the standard deviation was $ 500. In addition, in 10% of the forms, the tax paid was higher to $ 3000. A random sample of 625 forms of income declaration is taken for the payment of taxes. What is the probability that more than 60 of the sample forms have a tax greater than $ 3000? POSSIBLE ANSWERS: a) 0.3936 b) 0.6460 c) 0.3639 d) 0.6064
PROBLEM 2: The following data is about the bending strength (MPa) of concrete beams of a certain type: 5.3, 5.4, 8.3, 7.4, 7.1, 8.3, 5.7, 6.5, 7.9, 6.9 Calculate the point estimate of the mean resistance value for the conceptual population of all beams fabricated in this way and tell what estimator use. POSSIBLE ANSWERS: a) 6.88, the sample mean b) 7.00, the sample median c) 8.30, sample fashion d) No answer is correct
PROBLEM 3: Among all the income tax return forms, completed in a certain year, the average tax paid was $ 2000 and the standard deviation was $ 500. In addition, in 10% of the forms, the tax paid was higher to $ 3000. A random sample of 625 forms of income declaration is taken for the payment of taxes. What is the probability that the average tax paid on sample forms is greater than $ 1980? POSSIBLE ANSWERS: a) 0.1586 b) 0.8413 c) 0.7890 d) No answer is correct
PROBLEM 4: The bags of a concrete mix, labeled with a weight of 100 pounds, have an average population weight of 100.15 pounds and a population standard deviation of 10 pounds. What is the probability that the average weight of a sample of size 33 is less than 101 pounds? POSSIBLE ANSWERS: a) no answer is correct b) 0.6873 c) 0.3127 d) 0.4656
PROBLEM 5: Juanita Martínez, a researcher at the Colombian Cofee Corporation, is interested in determining the rate of coffee use per household in the United States. She believes that the annual consumption per household has a mean μ = 18 pounds and standard deviation close to 4 pounds. If Juanita takes a sample of 36 households and records her coffee consumption for a year, what is the probability that the average sample is between 14 and 20 pounds? POSSIBLE ANSWERS: a) 0.9986 b) No answer is correct c) 0.9657 d) 0.0014
1)Solution:
n = 625
p = 0.10
binomial probability distribution
Formula:
P(k out of n )= n!*pk * qn-k / k! *(n - k)!
P( x > 60 ) = 625!*0.161 * 0.9625-61 / 61! *(625 - 61)!+625!*0.162 * 0.9625-62 / 62! *(625 - 62)!.......
...........+625!*0.1625 * 0.9625-625 / 60! *(625 - 625)!
= 0.5987
the near answer is option d
PROBLEM 1: Among all the forms of income declaration for payment and taxes, completed in a...
Among all the income-tax forms filed in a certain year, the mean tax paid was $2000 and the standard deviation was $500. In addition, for 10% of the forms, the tax paid was greater than $3000. A random sample of 630 tax forms is drawn. What is the probability that more than 60 of the sampled forms have a tax of greater than $3000?
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Hello, Problem Attached, all bolded parts are completed
by me and were verified to be correct. I am stuck on Part E and
F.
For tax purposes, “gross income” is all the money a person
receives in a given year from any source. But income taxes are
levied on “taxable income” rather than gross income. The difference
between the two is the result of many exemptions and deductions. To
see how they work, suppose you made $70,000 last year in...
Prepare an individual income tax return. Complete problem 9-72
in your textbook. All applicable tax forms are required to be
submitted. Utilize the attached "Tax Return 2018 Forms" document to
assist you with this project.
Form 1040
Schedule 1, Form 1040
Schedule 4, Form 1040
Schedule C, Form 1040
Schedule SE, Form 1040
Disregard the last part (Prepare Form 1040, Schedules A,C, and
SE for forms 1040, and Form 2016 for 2018 year) those forms are not
needed only the...
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single (no home); in year 7 he/she is married (both working, no
home); and in year 10 he/she is still married with two children and
owns a home. Other financial information is provided on the
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tax...