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:
Standard Deviation
A framework for quantifying how much a collection of data points varies or spreads.
Relative Standing
An indication of the position of a value within a dataset, often represented through percentiles, z-scores, or standard scores.
Upper Quartile
The value below which 75% of the data points in a dataset fall, also known as the third quartile.
Percentile
A measure that indicates the value below which a given percentage of observations in a group of observations falls.
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