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Suppose that the tax (Ti) paid by individual i is the following function of his or her income(Xi):
Ti= 0.1(Xi-2000) = 0.1Xi-200
(i.e. there is a flat tax of 10% on all income over 2000). You know that total income in a geographical area containing 100 individuals is $5,000,000. Assuming that all 100 individuals have an income of at least $2,000, what is the total tax revenue?
Determine whether the LZR Racer significantly improves swimmers' times at the 5% significance level. Assume that the time difference is normally distributed. Comment on whether the data appear to support FINA's decision.
Discuss how new technologies make it easier to learn. How do they facilitate transfer of training? Answer the above questions with a minimum of 20 words or more for each chapter.
two points are selected at random independentlyand uniformly along a 1-meterlong stick and the stick is broken at the
question use the program binomial probabilities to find the probability that in 100 tosses of a fair coin the number of
IRP Application to Short-Term Financing Assume that the U.S. interest rate is 7 percent and the euro's interest rate is 4 percent. Assume that the euro's forward rate has a premium of 4 percent.
Setup Null and Alternate hypotheses to test if average amount of soda in each can is less than 32 oz. Please test the hypothesis using a = 0.05.
a piston-cylinder assembly has a volume of 0.3 m3 and contains 1.5 kg of water at 0.5 mpa. heat is transferred to the
What is the probability of a child ending up with a bus stop as gender-unbalanced as my son's in our school district - perform the hypothesis test
Can makeup damage fetal development? Many cosmetics contain a class of chemicals called phthalates. Studies that exposed some laboratory animals to these chemicals found a heightened incidence of damage to male reproductive systems.
It is reported that 21% of American households use a cell phone exclusively for their telephone service. In a sample of eight households, find the probability that:
A biologist randomly selects 10 portions of water, each equal to .1 cm3 in volume, from the local reservoir and counts the number of bacteria present in each portion. The biologist then totals the number of bacteria for the 10 portions to obtain a..
suppose you wish to estimate the difference between the mean acidity for rainfalls at two different locations one in a
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