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Use the 68-95-99.7 Rule to find probabilities or cutoff values.
-Based on data collected from its production processes, Crosstiles Inc. determines that
The breaking strength of its most popular porcelain tile is normally distributed with a
Mean of 400 pounds per square inch and a standard deviation of 12.5 pounds per square
Inch. Based on the 68-95-99.7 Rule, about what percent of its popular porcelain tile will
Have breaking strengths greater than 412.5 pounds per square inch?
Tax Advantage
Financial benefits and savings provided through exemptions, deductions, and credits that reduce the amount of tax owed.
Earned Income Credit
A refundable tax credit for low to moderate-income working individuals and families, aimed at decreasing the amount of tax owed and potentially returning money to the taxpayer.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Credit for Child
A tax credit offered to taxpayers for each qualifying child, which can reduce the taxpayer's liability on a dollar-for-dollar basis.
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