Examlex
Jason,married and filing jointly,had the following income for 2016:
Salary
$ 70,000
Loss on the sale of § 1244 stock held for 5 years
(110,000)
Dividends
25,000
Interest income
10,000
Itemized deductions (no casualty losses)
(12,000)
Jason has four dependent children.Calculate the net operating loss for 2016.
Sample Mean
The average of all the observations in a sample, used as an estimate of the population mean.
Central Limit Theorem
A statistical theory stating that, given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples will be approximately equal to the mean of the population, with the samples approximating a normal distribution.
Statistical Inference
The process of drawing conclusions about population properties based on a sample taken from the population.
Sample Proportion
The fraction or percentage of items in a sample that exhibit a particular trait or characteristic.
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