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SCENARIO 3-3
The ordered array below represents the number of vitamin supplements sold by a health food store in
a sample of 16 days.
19, 19, 20, 20, 22, 23, 25, 26, 27, 30, 33, 34, 35, 36, 38, 41
Note: For this sample, the sum of the values is 448, and the sum of the squared differences between
each value and the mean is 812.
-Referring to Scenario 3-2,construct a boxplot for the carbohydrate amounts.
Effective Tax Rate
The average rate at which an individual or corporation is taxed, calculated by dividing the total tax paid by the taxable income.
401k Plan
A retirement savings plan sponsored by an employer allowing employees to save and invest a portion of their paycheck before taxes are taken out.
Take Home
The net amount of income that an individual actually receives after all deductions, such as taxes and social security contributions.
Taxable Bond Portfolio
A collection of bonds whose interest payments are subject to federal and possibly state income taxes.
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