Sophia is single and owns the following property:
Sophia owns the real property in joint tenancy with Daniel.They purchased the property several years ago for $1 million.Sophia was only able to provide $200,000 of the purchase price.If Sophia dies,what is the amount of her gross estate?
Definitions:
Sampling Distribution
A distribution indicating the probabilities of a statistic, which is calculated from a random sample.
Sample Proportion
The fraction of the sample that represents a particular attribute or characteristic.
Normal Probability Distribution
A bell-shaped distribution characterized by its mean and standard deviation, representing a continuous random variable.
Central Limit Theorem
A statistical theory that states that the distribution of sample means approximates a normal distribution as the sample size becomes larger, regardless of the population's distribution.
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