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An Internet server conducted a survey of 400 of its customers and found that the average amount of time spent online was 12.5 hours per week with a standard deviation of 5.4 hours.
What shape do you think the random variable x, the number of hours spent online, has?
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If the distribution of the original measurements is not normal, you can still use the standard normal distribution to construct a confidence interval for , the average online time for all users of this Internet server. Why?
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Construct a 95% confidence interval for the average online time for all users of the particular Internet server.
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If the Internet server claimed that its users averaged 15 hours of use per week, would you agree or disagree?
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Explain.
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State Inheritance Tax
A tax imposed by some states on individuals who inherit property or money from someone who has died.
Estate Administration
The process of managing and distributing a deceased person's assets according to their will or the laws of intestacy.
Totten Trust
is a type of revocable trust created by depositing funds into a bank account with a designated beneficiary upon the account holder's death.
Settlor
The person who creates a trust by transferring assets into the trust for the benefit of the trust's beneficiaries.
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