The Local Operations Manager for the Internal Revenue Service Must

question 78

Multiple Choice

The local operations manager for the Internal Revenue Service must decide whether to hire one, two, or three temporary tax examiners for the upcoming tax season. She estimates that net revenues (in thousands of dollars) will vary with how well taxpayers comply with the new tax code just passed by Congress, as follows:

If she feels the chances of low, medium, and high compliance are 20 percent, 30 percent, and 50 percent respectively, what is her expected value of perfect information?

• A)$16,000
• B)$26,000
• C)$46,000
• D)$48,000
• E)$50,000

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Definitions:

Secondary Key

A database attribute used for sorting and/or indexing data, which is not the primary key.

Relational Database Model

Data model based on the simple concept of tables in order to capitalize on characteristics of rows and columns of data.

Two-Dimensional

Pertaining to an object or image that has width and height but no depth, often used in reference to graphics or shapes on a surface.

Tables

In the context of databases, tables are structures that organize data into rows and columns, allowing for efficient data management and retrieval.