A Business Analyst Is Considering a Data Set Reflecting the Number

question 22

Multiple Choice

A business analyst is considering a data set reflecting the number of products purchased at one time, there is a mean of 159 and a standard deviation of 43.2.Given that the data set the number of products purchased for 5,791 purchases and is mound shaped, the analyst would expect 68% of the data points to be ________.

• A)between 115.8 and 202.2
• B)less than 5,791
• C)between 72.6 and 245.4
• D)greater than 61
• E)between 43.2 and 159

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Definitions:

Taxable Income

The portion of an individual's or entity's income used to calculate how much tax they owe to the government, after deductions and exemptions.

Regressive

Relating to a tax system in which the tax rate decreases as the taxable amount increases, often considered less fair to lower-income individuals.

Progressive

Pertaining to ideas, policies, or attitudes favoring progress, change, improvement, or reform, particularly in social conditions.

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by total income.