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A statistics teacher started class one day by drawing the names of 10 students out of a hat and asked them to do as many pushups as they could. The 10 randomly selected students averaged 15 pushups per person with a standard deviation of 9 pushups. Suppose the distribution of the population of number of pushups that can be done is approximately normal. If we would like to capture the population mean with 95% confidence the margin of error would be ?
Capital Gain
The profit made from the sale of a capital asset, like real estate or stocks, that exceeds the purchase price.
Worthless
Pertaining to an asset that has lost all monetary value.
Short-term Loss
A monetary deficit incurred from the sale or trade of an asset owned for less than a year.
Surtax
An additional tax levied on top of the base tax rate for specific purposes or income brackets.
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