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What refund amount represents the thirty-fifth percentile of tax returns when given an average income of 3036 and a standard deviation of 950?
Assuming a normal distribution of incomes: 2672z = ( 2672 - 3036 ) / 950 = -0.383157895Pr{z
An experiment involves selecting a random sample of 256 middle managers for study One item of interest is annual income The sample mean is computed to be 35420 and the sample standard deviation is 205?
The deviation would be how much off it would be off. Since this is a sample, it is impossible to get completely accurate results.
Does marginal tax and average tax rates increase when taxable income increases?
Yes, marginal tax rates typically increase as taxable income rises, especially in progressive tax systems where higher income brackets are taxed at higher rates. This means that the additional income earned is taxed at a higher rate than lower income levels. However, the average tax rate, which is the total tax paid divided by total income, may not necessarily increase at the same rate, as it reflects the overall tax burden across all income levels. Consequently, while marginal rates increase with income, average rates can fluctuate based on deductions, credits, and the overall distribution of taxable income.
Average income of 50 year old male?
The average income of a 50-year-old male can vary significantly based on factors such as location, education, industry, and experience. In the United States, as of recent data, the average income for men in this age group typically ranges from $60,000 to $100,000 annually. However, these figures can differ widely, reflecting economic conditions and job markets. It's important to consider specific regional and occupational contexts for a more accurate assessment.
Which type of graph is best suited for displaying the average number of pets for families in different income ranges?
histogram
Can you have a standard deviation of 435000?
Yes, a standard deviation of 435,000 is possible and indicates a high level of dispersion in a dataset. Standard deviation measures the amount of variation or spread in a set of values; thus, if the data points are widely spread apart from the mean, a large standard deviation can occur. This could be typical in datasets with large values, such as income or real estate prices.
A study of 200 college students found that they have an average of 4800 of unreported income with a standard deviation of 15 .203 which answer below matches the value of the graph?
Try actually reading your homework questions before copying and pasting them.
Net income divided by average shareholders equity gives you?
Earning per share = Net income / average shareholders equity
What is per capita income?
it is when the total national is divided by the populationit is number of incom whitch is divided equally among allWhen the total national income is divided by the total population, it is called per capita income.It is the average income of an average person in that country.For example:Let a country's average income be 5000$It doesn't mean that every person is earning 5000$ in that country. But on an average, the income of a person in that country is 5000$.Country with high per capita income is said to be developed.for example U.S.A.
What refund amount represents the thirty-fifth percentile of tax returns when given an average income of 3036 and a standard deviation of 950?
Assuming a normal distribution of incomes: 2672z = ( 2672 - 3036 ) / 950 = -0.383157895Pr{z
How do you find Average Propensity to consume?
Average Propensity to Consume = Total Consumption divided by Total income
How do you calculate return on assets?
Net Income divided by Average Total Assets
What is the average monthly income of a McDonald's?
Avg total Corp income $21billion divided by 31,000 avg number of stores divided by 365 days equals about $1,800 per day.
What is the average income of most standard sales jobs?
The median annual income salary for a sales representative is $54,780. The lowest annual income salary is $41,119. The highest annual income salary is $71,924.
How do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
Do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
Which is used to measure directly the average standard of living across countries?
National income
