If the Random Variable X Is Uniformly Distributed Between 40 $\le$

question 39

Short Answer

If the random variable X is uniformly distributed between 40 and 60, then P(35 $\le$ X $\le$ 45) is: $\begin{array}{|l|l|}\hline\text { A. } & 1.0 . \\\hline \text { B. } & 0.5 . \\\hline \text { C. } & 0.25 \\\hline \text { D. } & 0.0 . \\\hline\end{array}$

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Definitions:

25%

A percentage often referred to in financial contexts, such as a tax bracket, rate of return on investment, or portion of an entity.

Social Security

A government system that provides financial assistance to people with an inadequate or no income, particularly in retirement, disability, or survivorship.

Wage Limitation

A cap on the amount of wages that can be considered for certain tax calculations or benefits, such as Social Security taxes.

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, varying by filing status and adjusted annually for inflation.