Find the Requested Probability For a Random Sample of Size Two, Find the Probability

question 74

Multiple Choice

Find the requested probability.
-The table reports the distribution of pocket money, in bills, of the 6 students in a statistics seminar. $$\begin{array} { c | c | c | c | c | c | c } \text { Student } & \text { Hannah } & \text { Ming } & \text { Keshaun } & \text { Tameeka } & \text { Jose } & \text { Vaishali } \\\hline \text { Amount, in dollars } & 2 & 4 & 4 & 5 & 5 & 7\end{array}$$ For a random sample of size two, find the probability, expressed as a percent rounded to the nearest tenth, that the sample mean will be within $1 of the population mean.

• A)66.7%
• B)73.3%
• C)80.0%
• D)78.6%

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Definitions:

Deferred Tax Liabilities

A tax obligation recorded on a company's balance sheet that results from temporary differences between the tax basis of assets or liabilities and their reported amount in the financial statements.

Deferred Tax Assets

Financial items on a company's balance sheet that reduce future tax liability due to temporary differences between the accounting and tax treatment of assets and liabilities.

Deferred Tax Liabilities

Future tax payments owed to tax authorities due to temporary differences between accounting income and taxable income.

Municipal Bond

A debt security issued by municipalities to finance its capital expenditures, often tax-exempt for investors.