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1) Seventy five percent of households say they would feel secure if they had 50,000 dollars in savings. You randomly select 8 households and ask them if they would feel secure if they had 50,000 dollars in savings. Find the probability that the number that they would feel secure is (a) exactly five (b) more than five (c) at most five.
2) 33% of adults say cashews are their favorite kind of nut. You randomly select 12 adults and ask each to name his or her favorite nut. Find the probability that the number who say cashews are their favorite nut is (a) exactly three (b) at least four (c) at most two.
3) 27% of college students use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number of college students who say they use the credit cards because of the rewards program is (a) exactly 2 (b) more than two (c) between two and 5 inclusive
4) 36% of women consider themselves fans of professional bseball. You randomly select six women and ask each if she considers herslef a fan of professional baseball.
(this one has a diagram and shit)
Construct a binomial distribution using n=6 and p=0.36
x P(x)
0
1
2
3
4
5
6
b) Choose the correct histogram (no idea how i can copy that so whatever)
c) whatever
d) find the mean of the binomial distribution
e)find the variance of the binomial distribution
f) find the standard deviation of the binomial distribution.
g) interpret the results in context of the real life situation. what values of the random variable would you consider unusual? explain your reasoning.
on average ____ out of 6 women would consider thesmelves baseball fans,with a standard deviation of ____ women. The values x = 6 and x = _____ would be unusual because their probabilities are (less/more/equal to) 0.05
5) Given that x has a poisson distribution with u=3, what is the propapbility that x =1?
P(1) =
6) Given that x has a poisson distribution with u=0.4, what is the propapbility that x =3?
P(3) =
7) Find the indicated probabilities using the geometric distribution or poisson distribution. Then determine if the events are unusual.
Assume the probability that you will make a sale on any given telephone call is 0.18. Find the probability that you (a) make your first sale on the fifth call (b) make your sale on the first, second or third call (c) do not make a sale on the first three calls
8) A newspaper finds that the mean number of typographical errors per page is seven. Find the probability that (a) exactly six typo errors are found on a page (b) at most six typo errors are found on a page and (c) more than 6 typo errors are found on a page.
9) A major hurricane is a hurricane with wind speeds of 111mph or greater. During the last century, the mean number of major hurricanes to strike a certain countries mainland per year was about 0.51. Find the probability taht in a given year (a) exactly one major hurricane will strike the mainland (b) at most one hurricane will strike the mainland, and (c) more than one major hurricane will strike the mainland.

 

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What are the effects of poverty? 2. Why is poverty a persistent problem in America? 3. What can be done to address the problem? 4. What has been the effect of a growing number of working Americans earning below the “living wage” threshold?

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1. The cost of goods sold is equal to cost of goods available
A. plus cost of ending inventory.
B. divided by cost of ending inventory.
C. multiplied by cost of ending inventory.
D. minus cost of ending inventory.
2. Best Buy has a warehouse with a market value of $5,000,000. The property in Best Buy’s area is
assessed at 40% of the commercial value. The tax rate is $105.10 per $1,000 assessed value. What does
Best Buy pay in property tax?
A. $110,000
B. $200,000
C. $210,000
D. $250,000
3. The range of 79, 83, 86, 87, 94, 98, 100, 101, and 105 is
A. 96.
B. 92.
C. 94.
D. 26.
4. FIFO does not assume which of the following?
A. Cost flow tends to follow physical flow
B. Sell the old inventory first
C. Sell the new inventory first
D. Recent cost assigned to inventory not sold
5. Assessed valuation is equal to the assessment rate
A. multiplied by the book value.
B. multiplied by the market value.
C. divided by the market value.
D. plus the market value.
6. Bonds are usually in denominations of
A. $10,000.
B. $100.
C. $100,000.
D. $1,000.
7. A premium insurance could be lower than someone else’s if the building
A. is made of wood.
B. is close to a fire hydrant.
C. is a store containing flammable goods.
D. has a roof that’s not fire resistant.
8. In the community of Chesterfield, the market value of an average home is $180,000. The assessment
rate is 35%. What is the assessed value?
A. $60,000
B. $63,000
C. $243,000
D. $51,429
9. Inventory turnover at retail is equal to net sales divided by the
A. beginning inventory at retail.
B. average inventory at retail.
C. average inventory at cost.
D. beginning inventory at cost.
10. Which one of the following statements is true of stockbrokers?
A. They don’t act as middlemen.
B. They can’t trade stock.
C. They charge a commission and selling.
D. They’re always correct in all their stock recommendations.
11. The price-earnings ratio is calculated by the closing price per share of stock divided by the
A. net change.
B. annual earnings per share.
C. dividend per year.
D. quarterly earnings per share.
12. Hector Rameriz received three A’s and one B in his college courses. What is his grade point average?
Assume each course is three credits and use the following grade conversion scale:
A = 4
B = 3
C = 2
D = 1
A. 3.75
B. 3.80
C. 3.25
D. 3.00
13. Becky bought a new Apple computer for $1,205.00. The purchase price included a 6% sales tax. What
is the actual selling price of the computer?
A. $1,200.00
B. $1,132.08
C. $1,136.79
D. $1,277.30
14. With beginning inventory at cost of $9,000, ending inventory at cost of $7,000, net sales of $51,000,
and cost of goods sold of $46,000, the inventory turnover at cost to the nearest hundredth is
A. 7.55.
B. 7.57.
C. 5.75.
D. 5.57.
15. What is the range of 17, 24, 24, 27, 29, 31, and 36?
A. 24
B. 17
C. 26
D. 19
16. TOX bond 7.55 yields 11%. The bond traded at a low of 71.25 and closed today at 71.625 + .75.
What was the closing price yesterday?
A. 72.375
B. 70.875
C. 69.875
D. 65.125
17. Of the following choices, excise tax is not applied to
A. distilled spirits.
B. beer.
C. wine.
D. doughnuts.
18. Bill Blum insured his hardware store with a fire insurance policy for $88,000 at a cost of $.84 per
$100. Ten months later his insurance company canceled his policy as a result of failure to correct a fire
hazard. What is the cost of the policy to Bill?
A. $591.36
B. $616.00
C. $793.20
D. $739.20
19. Ben’s office building with $200,000 value has a rating area of 1 with a building class of B. The contents
are valued at $90,000. Using the tables in the Business Math Handbook that accompanies the course
textbook, determine the total annual premium .
A. $108
B. $1,306
C. $486
D. $820
20. Bill Jones bought a fishing rod that sells for $70.00 subject to a 6% sales tax and an excise tax of 10%.
What is the total amount Bill paid rod?
A. $74.20
B. $81.20
C. $75.00
D. $77.00
21. What is the range of 22, 22, 27, 29, 30, 34, and 38?
A. 27
B. 22
C. 16
D. 29
22. Which one of the following builds up no cash value?
A. Straight-life
B. Universal life
End of exam
C. Term
D. 20-payment life
23. What information is not needed to calculate inventory valuation by the retail method?
A. Cost of net purchases at cost and retail
B. Beginning inventory at cost and retail
C. Net sales at cost
D. Net sales at retail
24. In the retail method, the ending inventory at cost is calculated by multiplying the cost ratio by the
A. cost of goods available .
B. net sales month.
C. ending inventory at retail.
D. beginning inventory at retail.
25. Howard Hane had taken out a $130,000 fire insurance policy new restaurant at a rate of $.82
per $100. Nine months later, Howard canceled the policy and decided to move his store to a new location.
Using the tables in the Business Math Handbook that accompanies the course textbook, determine what is
Howard’s cost of the premium?
A. $836.64
B. $1,066.00
C. $863.46
D. $1,606.00

Program

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Write a method for computing tax using the following header:
Public static double computeTax(int status, double taxableIncome)

Use this method to write a program that prints a tax table for taxable income from $50,000 to $60,000 with intervals of $50. For all of the following statuses:

Taxable Single Married Joint Married Head of
Income or Qualifying Separated a House
Widow(er)

50000 8688 6665 8688 7353
50050 8700 6673 8700 7365
…..
59950 11175 8158 11175 9840
60000 11180 8165 11180 9853

Hint: Round the tax into integers using Math.round (i.e., Math.round(computeTax(status, taxableIncome))