Allows individuals filing tax returns to itemize deductions

Assignment Help Basic Statistics

Reference no: EM131076270

Suppose a particular state allows individuals filing tax returns to itemize deductions only if the total of all itemized deductions is at least $5000. Let X (in 1000s of dollars) be the total of itemized deductions on a randomly chosen form. Assume that X has the pdf

a. Find the value of k. What restriction on a is necessary?

b. What is the cdf of X?

c. What is the expected total deduction on a randomly chosen form? What restriction on a is necessary for E(X) to be finite? d. Show that ln(X/5) has an exponential distribution with parameter α = 1.

Reference no: EM131076270

Questions Cloud

Understanding work and learning in canada : Write a short essay of 750-1000 words in response to the following question: "Why is consideration of the social and economic context necessary for understanding work and learning in Canada?"

Enjoy skin-based privileges : Also, feedback from the outline - Good job. Very thorough. My only suggestion is to avoid framing white privilege as an object of history. Demonstrated throughout the course, whites still enjoy skin-based privileges today.

Determine the search-key descriptions that user interface : determine the search-key descriptions that the user interface displays by requiring that they be in the text file.

Form of grades and feedback : Working as a student is the equivalent of a part-time or full-time job. The job's compensation is in the form of grades and feedback. As the supervisor of the student position, put the role as a student into the context of a job.

Allows individuals filing tax returns to itemize deductions : Suppose a particular state allows individuals filing tax returns to itemize deductions only if the total of all itemized deductions is at least $5000. Let X (in 1000s of dollars) be the total of itemized deductions on a randomly chosen form. Assum..

Diffusion of innovation model : Apply Moore's model of adoption or the diffusion of innovation model (crossing the chasm) to discuss ways to overcome the market entry challenges faced by icebreaker.

Statistical behavior modeling for driveradaptive precrash : The article "Statistical Behavior Modeling for DriverAdaptive Precrash Systems" (IEEE Trans. on Intelligent Transp. Systems, 2013: 1-9) proposed the following mixture of two exponential distributions for modeling the behavior of what the authors c..

Organization and differing organizational cultures : Articulate your vision for this plan and components that are required for its success. How will you justify the expense associated with your plan? Keep in mind that you have a newly formed organization and differing organizational cultures.

Does the time required for an insertion increase : Implement the symbol table described in Exercise 5 by reusing the class Tree Dictionary , as described in Section 18.2.2 of this chapter.

User Account

All Pages