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Concept explainers
FEDERAL BUDGET ALLOCATION According to the Office of Management and Budget, certain percentages of the $3.7 trillion U.S. 2012 budget were spent on the following items:
1: Social Security
2: National defense
3: Safety net programs
4: Medicare
5: Medicaid, CHIP, and other
6: Interest on the debt
7: Education
8: Transportation
9: Veterans' benefits and services
10: International affairs
11: Science and technology
12: Other
The percentages are as follows:
Item |
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Percent |
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Let A denote the set of items in which the expenditure was more than 10%, let B denote the set of items in which the expenditure was strictly between 5% and 15% (exclusive), and let C denote the set of all items in which the expenditure was less than 14%. Find:
a.
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b.
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c.
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d.
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e.
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Source: Office of Management and Budget.
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Chapter 6 Solutions
Student Solutions Manual for Tan's Finite Mathematics for the Managerial, Life, and Social Sciences, 12th
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