Use Technology to Solve the Following Problem: a Certain Car

question 107

Multiple Choice

Use technology to solve the following problem: A certain car model has a mean gas mileage of 33 miles per gallon (mpg) with a standard deviation 3 mpg. A pizza delivery company buys 48 of these Cars. What is the probability that the average mileage of the fleet is between 32.7 and 33.3 mpg?

• A) 0.5116
• B) 0.4884
• C) 0.2442
• D) 0.7558

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Definitions:

Tax Assessment

Tax assessment is the process of determining the value of a property, or the income of an individual or business, for the purpose of levying taxes.

Simplified Tax Formula

A streamlined calculation to determine taxable income by subtracting allowable deductions and exemptions from gross income.

Income Tax Returns

Income Tax Returns are forms filed with a taxing authority that report income, expenses, and other pertinent tax information, used to calculate tax liability.

Private Letter Ruling

A written decision by the Internal Revenue Service in response to a taxpayer's request for clarification on a specific tax issue, applicable only to the individual or entity that requested it.