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Question: L.J. Raney & Associates is a financial planning group in Kansas City, Missouri. The company specializes in financial planning for schoolteachers in the Kansas City area. As such, it administers a 403(b) tax shelter annuity program in which public schoolteachers can participate. The teachers can contribute up to $20,000 per year on a pretax basis to the 403(b) account. Very few teachers have incomes sufficient to allow them to make the maximum contribution. The lead analyst at L.J. Raney & Associates has recently analyzed the company's 403(b) clients and determined that the annual contribution is approximately normally distributed with a mean equal to $6,400. Further, he has determined that the probability a customer will contribute more than $13,000 is 0.025. Based on this information, what is the standard deviation of contributions to the 403(b) program?
MATH1550H: Assignment: Question: A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..
MATH1550H: Assignment: Question: what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?
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MATH1550H: Assignment: Questions: Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.
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