Using & Understanding Mathematics: A Quantitative Reasoning Approach (7th Edition)
7th Edition
ISBN: 9780134705187
Author: Jeffrey O. Bennett, William L. Briggs
Publisher: PEARSON
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Textbook Question
Chapter 1.A, Problem 21E
Media Claims. Each of the following claims can easily be checked on the Web. Do a check, state whether the claim is true or false, and briefly explain why.
21. Barack Obama’s mother-in-law, Marian Robinson, receives a $160,000 pension for babysitting her granddaughters while Obama was president.
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Chapter 1 Solutions
Using & Understanding Mathematics: A Quantitative Reasoning Approach (7th Edition)
Ch. 1.A - Prob. 1QQCh. 1.A - A fallacy is a. a statement that is untrue. b. a...Ch. 1.A - Which of the following could not qualify as a...Ch. 1.A - An argument in which the conclusion essentially...Ch. 1.A - The fallacy of appeal to ignorance occurs when a....Ch. 1.A - Consider the argument ‘‘I don’t support the...Ch. 1.A - Consider again the argument ‘‘I don’t support the...Ch. 1.A - Prob. 8QQCh. 1.A - Suppose that the fact that an event A occurs...Ch. 1.A - When we speak of a straw man in an argument, we...
Ch. 1.A - What is logic? Briefly explain how logic can be...Ch. 1.A - How do we define an argument? What is the basic...Ch. 1.A - What is a fallacy? Choose three examples of...Ch. 1.A - Prob. 4ECh. 1.A - Prob. 5ECh. 1.A - I persuaded my father that I was right with a...Ch. 1.A - I didn’t believe the premises on which he based...Ch. 1.A - Prob. 8ECh. 1.A - I disagree with your conclusion, so your argument...Ch. 1.A - Even though your argument contains a fallacy, your...Ch. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - 11-20: Analyzing Fallacies. Consider the following...Ch. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - 11-20: Analyzing Fallacies. Consider the following...Ch. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - Prob. 16ECh. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - Prob. 18ECh. 1.A - Analyzing Fallacies. Consider the following...Ch. 1.A - Prob. 20ECh. 1.A - Media Claims. Each of the following claims can...Ch. 1.A - Prob. 22ECh. 1.A - Prob. 23ECh. 1.A - Prob. 24ECh. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Prob. 29ECh. 1.A - Prob. 30ECh. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - Prob. 32ECh. 1.A - Prob. 33ECh. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Recognizing Fallacies. In the following arguments,...Ch. 1.A - Prob. 36ECh. 1.A - Prob. 37ECh. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - 25-40: Recognizing Fallacies. In the following...Ch. 1.A - Prob. 41ECh. 1.A - Prob. 42ECh. 1.A - Additional Fallacies. Consider the blowing...Ch. 1.A - Additional Fallacies. Consider the blowing...Ch. 1.A - Evaluating Media Information. Choose a current...Ch. 1.A - Snopes. Visit the Snopes.com website and choose...Ch. 1.A - Prob. 47ECh. 1.A - Prob. 48ECh. 1.A - Fallacies in Politics. Discuss the tactics used by...Ch. 1.A - Prob. 50ECh. 1.A - 51. Comment Fallacies. The “reader comments” that...Ch. 1.A - 52. Fake News Sites. Visit a fake news site that...Ch. 1.B - The statement Mathematics is fun is a. an...Ch. 1.B - Suppose you know the truth value of a proposition...Ch. 1.B - Which of the following has the form of a...Ch. 1.B - Suppose you want to make a truth table for the...Ch. 1.B - Suppose the statement p or q is true. Then you can...Ch. 1.B - Suppose the statement p is false and the statement...Ch. 1.B - The statement If it’s a dog, then it is a mammal...Ch. 1.B - The statement If the engine is running, then the...Ch. 1.B - Two statements are logically equivalent if a. they...Ch. 1.B - Prob. 10QQCh. 1.B - What is a proposition? Give a few examples, and...Ch. 1.B - What do we mean by the negation of a proposition?...Ch. 1.B - Define conjunction, disjunction, and conditional,...Ch. 1.B - 4. What is the difference between an inclusive or...Ch. 1.B - 5. Make a truth table for each of the following: p...Ch. 1.B - Prob. 6ECh. 1.B - 7. My logical proposition is a question that you...Ch. 1.B - The mayor opposes repealing the ban on handguns,...Ch. 1.B - Prob. 9ECh. 1.B - Prob. 10ECh. 1.B - Prob. 11ECh. 1.B - Prob. 12ECh. 1.B - Prob. 13ECh. 1.B - Prob. 14ECh. 1.B - 13-18: A proposition? Determine whether the...Ch. 1.B - Prob. 16ECh. 1.B - Prob. 17ECh. 1.B - Prob. 18ECh. 1.B - Negation. Write the negation of the given...Ch. 1.B - Prob. 20ECh. 1.B - Prob. 21ECh. 1.B - Prob. 22ECh. 1.B - Prob. 23ECh. 1.B - Multiple Negations. Explain the meaning of the...Ch. 1.B - Prob. 25ECh. 1.B - Multiple Negations. Explain the meaning of the...Ch. 1.B - Prob. 27ECh. 1.B - Multiple Negations. Explain the meaning of the...Ch. 1.B - Truth Tables. Make a truth table for the given...Ch. 1.B - Prob. 30ECh. 1.B - Prob. 31ECh. 1.B - And Statements. The following propositions have...Ch. 1.B - Prob. 33ECh. 1.B - And Statements. The following statements have the...Ch. 1.B - Prob. 35ECh. 1.B - 31-36: And Statements. The following statements...Ch. 1.B - Truth Tables. Make a truth table for the given...Ch. 1.B - 37-38: Truth Tables. Make a truth table for the...Ch. 1.B - Prob. 39ECh. 1.B - 39-44: Interpreting or. State whether or is used...Ch. 1.B - Prob. 41ECh. 1.B - Interpreting or. State whether or is used in the...Ch. 1.B - 39-44: Interpreting or. State whether or is used...Ch. 1.B - Interpreting or. State whether or is used in the...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Truth Table. Make a truth table for the given...Ch. 1.B - Prob. 50ECh. 1.B - Prob. 51ECh. 1.B - Prob. 52ECh. 1.B - Prob. 53ECh. 1.B - Prob. 54ECh. 1.B - Prob. 55ECh. 1.B - 51-56: Or Statements. The following statements...Ch. 1.B - 57-58: Truth Tables. Make a truth table for the...Ch. 1.B - 57-58: Truth Tables. Make a truth table for the...Ch. 1.B - Prob. 59ECh. 1.B - Prob. 60ECh. 1.B - Prob. 61ECh. 1.B - Prob. 62ECh. 1.B - If... then Statements. Identify the hypothesis and...Ch. 1.B - Prob. 64ECh. 1.B - Prob. 65ECh. 1.B - If... then Statements. Identify the hypothesis and...Ch. 1.B - Rephrasing Conditional Statements. Express the...Ch. 1.B - 67-72: Rephrasing Conditional Statements. Express...Ch. 1.B - 67-72: Rephrasing Conditional Statements. Express...Ch. 1.B - 67-72: Rephrasing Conditional Statements. Express...Ch. 1.B - Prob. 71ECh. 1.B - Prob. 72ECh. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Prob. 76ECh. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Converse, Inverse, and Contrapositive. Write the...Ch. 1.B - Prob. 79ECh. 1.B - Prob. 80ECh. 1.B - 79-82: Famous Quotes. Rephrase the following...Ch. 1.B - 79-82: Famous Quotes. Rephrase the following...Ch. 1.B - 83-87: Writing Conditional Propositions. Create...Ch. 1.B - Prob. 84ECh. 1.B - Writing Conditional Propositions. Create your own...Ch. 1.B - 83-87: Writing Conditional Propositions. Create...Ch. 1.B - 83-87: Writing Conditional Propositions. Create...Ch. 1.B - Prob. 88ECh. 1.B - Necessary and Sufficient. Write the following...Ch. 1.B - Necessary and Sufficient. Write the following...Ch. 1.B - Prob. 91ECh. 1.B - 89-92: Necessary and Sufficient. Write the...Ch. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Prob. 96ECh. 1.B - Logical Equivalence. Consider the following pairs...Ch. 1.B - Prob. 98ECh. 1.B - Prob. 99ECh. 1.B - Prob. 100ECh. 1.B - Prob. 101ECh. 1.B - Prob. 102ECh. 1.C - Consider the set {Alabama, Alaska, Arizona,…,...Ch. 1.C - Which of the following is not a member of the set...Ch. 1.C - Based on the Venn diagram below, we conclude that...Ch. 1.C - Suppose that A represents the set of all boys and...Ch. 1.C - Suppose that A represents the set of all apples...Ch. 1.C - Suppose that A represents the set of all high...Ch. 1.C - In the Venn diagram below, the X tells us that a....Ch. 1.C - Prob. 8QQCh. 1.C - Consider again the Venn diagram from Exercise 8....Ch. 1.C - Look at the data in Table 1.1 (p.34). The total...Ch. 1.C - Prob. 1ECh. 1.C - What is a Venn diagram? How do we show that one...Ch. 1.C - List the four standard categorical propositions....Ch. 1.C - Briefly discuss how you can put a categorical...Ch. 1.C - Explain how to draw a Venn diagram for three...Ch. 1.C - 6. Explain how to read a table such as Table 1.1...Ch. 1.C - The people who live in Chicago form a subset of...Ch. 1.C - All jabbers are wocks, so there must be no wocks...Ch. 1.C - I counted an irrational number of students in my...Ch. 1.C - I surveyed my class to find out whether students...Ch. 1.C - My professor asked me to draw a Venn diagram for a...Ch. 1.C - I used a Venn diagram with three circles to show...Ch. 1.C - Classifying Numbers. Choose the first set in the...Ch. 1.C - Prob. 14ECh. 1.C - Classifying Numbers. Choose the first set in the...Ch. 1.C - Prob. 16ECh. 1.C - 13-28: Classifying Numbers. Choose the first set...Ch. 1.C - 13-28: Classifying Numbers. Choose the first set...Ch. 1.C - 13-28: Classifying Numbers. Choose the first set...Ch. 1.C - Prob. 20ECh. 1.C - Prob. 21ECh. 1.C - Prob. 22ECh. 1.C - Prob. 23ECh. 1.C - Prob. 24ECh. 1.C - Prob. 25ECh. 1.C - Prob. 26ECh. 1.C - Prob. 27ECh. 1.C - Prob. 28ECh. 1.C - Prob. 29ECh. 1.C - Prob. 30ECh. 1.C - Prob. 31ECh. 1.C - Prob. 32ECh. 1.C - Prob. 33ECh. 1.C - Prob. 34ECh. 1.C - Prob. 35ECh. 1.C - Prob. 36ECh. 1.C - Prob. 37ECh. 1.C - Prob. 38ECh. 1.C - Prob. 39ECh. 1.C - Venn Diagrams for Two Sets. Draw Venn diagrams...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - 37-44: Venn Diagrams for Two Sets. Draw Venn...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - 45-52: Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Categorical Propositions. For the given...Ch. 1.C - Prob. 53ECh. 1.C - Prob. 54ECh. 1.C - Prob. 55ECh. 1.C - Prob. 56ECh. 1.C - Prob. 57ECh. 1.C - Prob. 58ECh. 1.C - Prob. 59ECh. 1.C - Prob. 60ECh. 1.C - Two-Circle Venn Diagram with Numbers. Use the Venn...Ch. 1.C - Two-Circle Venn Diagram with Numbers. Use the Venn...Ch. 1.C - Three-Circle Venn Diagram with Numbers. Use the...Ch. 1.C - Three-Circle Venn Diagram with Numbers. Use the...Ch. 1.C - Hospital Drug Use. The following numbers of...Ch. 1.C - Technology Survey. A survey of 150 college...Ch. 1.C - Venn Diagram Analysis. 67. A movie critic reviewed...Ch. 1.C - Venn Diagram Analysis. 68. All runners who...Ch. 1.C - Venn Diagram Analysis. 69. One hundred people who...Ch. 1.C - Venn Diagram Analysis. 70. In a trial of a new...Ch. 1.C - Prob. 71ECh. 1.C - Prob. 72ECh. 1.C - Prob. 73ECh. 1.C - Prob. 74ECh. 1.C - 86. Categorical Propositions. Find at least three...Ch. 1.C - Prob. 76ECh. 1.C - Prob. 77ECh. 1.C - Prob. 78ECh. 1.C - Prob. 79ECh. 1.C - Prob. 80ECh. 1.C - Prob. 81ECh. 1.C - State Politics. Find out how many states have a...Ch. 1.C - Prob. 83ECh. 1.D - To prove a statement true, you must use a. an...Ch. 1.D - If a deductive argument is valid, its conclusion...Ch. 1.D - Prob. 3QQCh. 1.D - 4. Consider an argument in which Premise 1 is "All...Ch. 1.D - 5. Consider again the argument from question 4....Ch. 1.D - Consider an argument in which Premise 1 is “ If p,...Ch. 1.D - 7. Consider an argument in which Premise 1 is “ If...Ch. 1.D - Prob. 8QQCh. 1.D - 9. The longest side of a right triangle is called...Ch. 1.D - Prob. 10QQCh. 1.D - Summarize the differences between deductive and...Ch. 1.D - Briefly explain the idea of strength and how it...Ch. 1.D - Briefly explain the ideas of validity and...Ch. 1.D - Describe the procedure used to test the validity...Ch. 1.D - Prob. 5ECh. 1.D - What is a chain of conditionals? Give an example...Ch. 1.D - Prob. 7ECh. 1.D - Prob. 8ECh. 1.D - 9. My inductive argument provides absolute proof...Ch. 1.D - Prob. 10ECh. 1.D - 11. My argument is deductively valid, so if you...Ch. 1.D - Prob. 12ECh. 1.D - Prob. 13ECh. 1.D - Prob. 14ECh. 1.D - Prob. 15ECh. 1.D - Prob. 16ECh. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Argument Type. Explain whether the following...Ch. 1.D - Prob. 22ECh. 1.D - Prob. 23ECh. 1.D - Prob. 24ECh. 1.D - Prob. 25ECh. 1.D - Prob. 26ECh. 1.D - Prob. 27ECh. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Prob. 30ECh. 1.D - 29-36: Analyzing Deductive Arguments. Consider the...Ch. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Analyzing Deductive Arguments. Consider the...Ch. 1.D - Prob. 35ECh. 1.D - Prob. 36ECh. 1.D - Prob. 37ECh. 1.D - 37-44: Deductive Arguments with Conditional...Ch. 1.D - 37-44: Deductive Arguments with Conditional...Ch. 1.D - 37-44: Deductive Arguments with Conditional...Ch. 1.D - Prob. 41ECh. 1.D - Prob. 42ECh. 1.D - Prob. 43ECh. 1.D - Deductive Arguments with Conditional Propositions....Ch. 1.D - Prob. 45ECh. 1.D - Prob. 46ECh. 1.D - Prob. 47ECh. 1.D - Prob. 48ECh. 1.D - Prob. 49ECh. 1.D - Prob. 50ECh. 1.D - Testing Mathematical Rules. Test the following...Ch. 1.D - It is true for all positive integers n that...Ch. 1.D - 53-57: Validity and Soundness. State whether it is...Ch. 1.D - 53-57: Validity and Soundness. State whether it is...Ch. 1.D - Prob. 55ECh. 1.D - Prob. 56ECh. 1.D - Validity and Soundness. State whether it is...Ch. 1.D - Prob. 58ECh. 1.D - Prob. 59ECh. 1.D - Prob. 60ECh. 1.D - Prob. 61ECh. 1.D - Prob. 62ECh. 1.D - Conditionals in Books. Consider the following...Ch. 1.D - Prob. 64ECh. 1.D - 63-66: Conditionals in Books. Consider the...Ch. 1.D - 63-66: Conditionals in Books. Consider the...Ch. 1.D - 62. The Goldbach Conjecture. Recall that a prime...Ch. 1.D - Twin Primes Conjecture. If you write out the first...Ch. 1.D - The Pythagorean Theorem. Learn more about the...Ch. 1.D - Prob. 70ECh. 1.D - 69. Inductive Reasoning in Your Life. Give an...Ch. 1.D - Prob. 72ECh. 1.D - Prob. 73ECh. 1.D - Prob. 74ECh. 1.E - What does it mean to think critically about the...Ch. 1.E - "If you want to save the social services that...Ch. 1.E - 2. Suppose that an argument is deductively valid...Ch. 1.E - 9. A teacher claims that, because spell checkers...Ch. 1.E - 3. You need to buy a car and are considering loans...Ch. 1.E - 4. You get your hair cut at a shop that charges...Ch. 1.E - You buy a cell phone plan that gives you up to...Ch. 1.E - Prob. 8QQCh. 1.E - Prob. 9QQCh. 1.E - The Smiths have a picnic every Saturday provided t...Ch. 1.E - Describe critical thinking and why it is important...Ch. 1.E - Prob. 2ECh. 1.E - Prob. 3ECh. 1.E - Prob. 4ECh. 1.E - Reed was relieved because his insurance company...Ch. 1.E - 6. Although the plane crashed in Nevada, the...Ch. 1.E - Sue prefers the Red shuttle because it gets her to...Ch. 1.E - Prob. 8ECh. 1.E - There was no price difference, so Michael chose...Ch. 1.E - Prob. 10ECh. 1.E - Prob. 11ECh. 1.E - Interpreting Policies. A city charters sole policy...Ch. 1.E - Reading a Ballot Initiative. Consider the...Ch. 1.E - Prob. 14ECh. 1.E - Hidden Assumptions. Identify at least two hidden...Ch. 1.E - Prob. 16ECh. 1.E - Hidden Assumptions. Identify at least two hidden...Ch. 1.E - Hidden Assumptions. Identify at least two hidden...Ch. 1.E - 29-30: Unstated Issues. The following arguments...Ch. 1.E - Unstated Issues. The following arguments give...Ch. 1.E - Airline Options. In planning a trip to New Zealand...Ch. 1.E - Buy vs. Lease. You are deciding whether to buy a...Ch. 1.E - You've Won! You receive the following e-mail...Ch. 1.E - Reading a Lease. Consider the following excerpt...Ch. 1.E - Prob. 25ECh. 1.E - Prob. 26ECh. 1.E - Prob. 27ECh. 1.E - 27-28. Fake News. The following are fake news...Ch. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - Prob. 30ECh. 1.E - Prob. 31ECh. 1.E - Prob. 32ECh. 1.E - Prob. 33ECh. 1.E - Prob. 34ECh. 1.E - Prob. 35ECh. 1.E - Prob. 36ECh. 1.E - Prob. 37ECh. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - 29-40: Read and Think Carefully. The following...Ch. 1.E - Decision Making. Analyze the situations. and...Ch. 1.E - Prob. 42ECh. 1.E - Prob. 43ECh. 1.E - Prob. 44ECh. 1.E - IRS Guidelines on Who Must File a Federal Tax...Ch. 1.E - Prob. 46ECh. 1.E - Credit Card Agreement. The following rules are...Ch. 1.E - Prob. 48ECh. 1.E - Texas Ethics. In its Guide to Ethics the Texas...Ch. 1.E - Prob. 50ECh. 1.E - 50-54: Critical Thinking. Consider the following...Ch. 1.E - 57-65: Critical Thinking. Consider the following...Ch. 1.E - 50-54: Critical Thinking. Consider the following...Ch. 1.E - Prob. 54ECh. 1.E - Prob. 55ECh. 1.E - Interpreting the Second Amendment. Much of the...Ch. 1.E - Prob. 57ECh. 1.E - Prob. 58ECh. 1.E - Prob. 59ECh. 1.E - Prob. 60ECh. 1.E - Prob. 61ECh. 1.E - Conspiracy Theories. Choose some well-known...
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- The Advantage Cash Card At the student union on a certain campus, you can save on food purchases by using the Advantage Cash Card. You deposit money into an Advantage Cash account and are issued a credit card the you use to purchase food. The card has several advantages: If you open your Advantage Cash account for 200 or more, a 5% bonus is added to your account balance. When you use your Advantage Cash Card, you receive 5% off the retail price of any food purchase. When you buy food with cash, you must pay a sales tax of 7.375%. With the Advantage Cash Card, you pay no sales tax. a.An item retails for 1.00. What do you pay if you use your Advantage Cash Card? b.An item retails for 1.00. What do you pay if you use cash? Round your answer to five decimal places for use in part d. c.What retail value of food will you be able to purchase if you open an Advantage Cash account for 300? Suggestion: Dont forget your 5% bonus and use the results of part a d.What retail value of food would you be able to purchase with 300 if you spend it as cash at the food court? Suggestion: Use the results of part b e.Calculate the percentage increase from your answer for part d to your answer for part c. Explain in practical terms the meaning of this percentage.arrow_forwardIsabella is filing taxes. She lists her deductions as $5,200 for using her home as her business, a $1,000 donation to charity, $600 for medical expenses, $2,500 for property taxes, and $1,355 for student-loan interest. Her income is $52,000. The standard deduction for a single taxpayer is $12,200. What is her taxable income? $43,000 $39,800 $41,345 $10,655arrow_forwardYou drive a 4 year old truck valued at $15,000. You have a $70,000 personal automobile policy with $12,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Your neighbor drives a five-year old SUV valued at $10,000. Your neighbor has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning your neighbor was driving down the street while you were driving the opposite way to drop your friend off at her house and your neighbor swerved into your lane and struck your vehicle. Below you will find the damage caused by the accident: Your Bodily Injury: $7,000 Your Friend’s Bodily Injury: $25,000 Your Car: $8,500 Neighbor’s Bodily Injury: $3,000 Neighbors Car: $9,000 Using the information above, find the following: a) How much will your policy pay for your bodily injury?arrow_forward
- he Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they prepare their tax returns. In recent years, the IRS has been inundated with taxpayer calls and has redesigned its phone service as well as posting answers to frequently asked questions on its website (The Cincinnati Enquirer, January 7, 2010). According to a report by a taxpayer advocate, callers using the new system can expect to wait on hold for an unreasonably long time of 15 minutes before being able to talk to an IRS employee. Suppose you select a sample of 50 callers after the new phone service has been implemented; the sample results show a mean waiting time of 13 minutes before an IRS employee comes on line. Based upon data from past years, you decide it is reasonable to assume that the standard deviation of waiting times is 11 minutes. Use alpha=.05 b. What is the p-value (to 4 decimals)?arrow_forward11. Which of these tax forms reports an employee's yearly wages, tips, and other compensation? W-2 W-1 W-4 W-3arrow_forwardYou have a best friend, and she is also an 18-year old senior high school student and asking for your advice as to which between the two “25th birthday gift options” posted by her parents she should choose for her 25th birthday.Option A: Her parents will give her ₱3,000.00 each year starting from her 19th birthday until her 25th birthday.Option B: Her parents will give her ₱400.00 on her 19th birthday, ₱800.00 on her 20th birthday, ₱1,600.00 on her next birthday, and the amount will be doubled each year until she reaches 25.Task:You need to prepare a written report highlighting the amount of money (y) your best friend gets each year (x) starting from her 19th birthday using options A and B in tabular form. Write equations that represent the two options with a complete set of solutions. At the end of your report, write a conclusion stating the option you will choose and the explanation of your decision.Written Report: _________________________Conclusion: _________________________arrow_forward
- Farmer Jones must determine whether to plant corn orwheat. If he plants corn and the weather is warm, he earns$8,000; if he plants corn and the weather is cold, he earns$5,000. If he plants wheat and the weather is warm, heearns $7,000; if he plants wheat and the weather is cold, heearns $6,500. In the past, 40% of all years have been coldand 60% have been warm. Before planting, Jones can pay$600 for an expert weather forecast. If the year is actuallycold, there is a 90% chance that the forecaster will predicta cold year. If the year is actually warm, there is an 80%chance that the forecaster will predict a warm year. Howcan Jones maximize his expected profits? Also find EVSIand EVPI.arrow_forwardBrody’s gross monthly salary amounts to ₱34,600.00 per month subject to the following deductions: SSS contribution - ₱481.30, PhilHealth contribution - ₱212.50, PAG-IBIG contribution - ₱120.00. His withholding tax is ₱3,905.80 per month. Furthermore, he is married with two dependents under his name b. Determine his income tax due at the end of the year and his income tax payablearrow_forwardblady has to decide whether to resign or not from his present position and apply for job offering him twice his present monthly salary, that is if he passes the qualifying test. At present he receives $3,000 monthly compensation. The offer in another company has a condition that he will not be allowed to take qualifying test, unless he resigns from his present post. If he passes the qualifying test he will immediately be taken in and have a monthly salary pay of $6,000. If he fails, he will remain jobless. He feels that his chance of passing the test is 35%. Suppose he decides to base his decision on his expected value, should he resign from his post or not?arrow_forward
- The following information applies to the questions displayed below.]RunHeavy Corporation (RHC) is a corporation that manages a local band. It had the following activities during its first month. RHC was formed with an investment of $11,900 cash, paid in by the leader of the band on January 3 in exchange for common stock. On January 4, RHC purchased music equipment by paying $2,300 cash and signing an $9,600 promissory note payable in three years. On January 5, RHC booked the band for six concert events, at a price of $2,800 each, but no cash was collected yet. Of the six events, four were completed between January 10 and 20. On January 22, cash was collected for three of the four events. The other two bookings were for February concerts, but on January 24, RHC collected half of the $2,800 fee for one of them. On January 27, RHC paid $3,440 cash for the band’s travel-related costs. On January 28, RHC paid its band members a total of $2,490 cash for salaries and wages for the first…arrow_forwardThe time period during which the invoice is to be paid is called _______. a. None of the options b. Discount period c. Discount rate d. Credit periodarrow_forward
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