The Principal of a High School Randomly Selected 30 Students

question 62

Essay

The principal of a high school randomly selected 30 students to take a math test.Of the 30 students who wrote the test,19 scored more than 75%,4 scored exactly 75%,and 7 scored below 75%.Perform a sign test to determine if the median score is greater than 50% using a 1% level of significance.

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Definitions:

Depreciation Deduction

A tax deduction that allows a taxpayer to recover the cost of property or assets that have a useful life beyond the tax year, by spreading the cost over the life of the property.

Depreciation Tables

Charts provided by the IRS to assist taxpayers in calculating the depreciation expense of an asset for tax purposes over its useful life.

Four-Plex

A residential building divided into four separate units or apartments, each functioning as a separate dwelling.

Net Rental Income

The profit derived from renting out property after deducting all allowable expenses related to the rental activity.