Which of the Following Statements Is/are Correct

question 151

Multiple Choice

Which of the following statements is/are correct?
I.Belle is retired. Her only sources of income are her $1,500 per month pension and $12,000 of Social Security benefits. Belle must include $6,000 of the Social Security benefits in her gross income.
II.Eileen and Daren divorce during the current year. Per the divorce agreement, Daren is to receive alimony of $600 per month, $400 per month for child support, and the family house that is valued at $200,000. Daren must recognize $600 per month as income.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Big Data

Pertains to immensely vast collections of data that can be examined through computational methods to uncover patterns, trends, and relationships, particularly in the context of human behavior and interactions.

Velocity

The speed at which the data are generated.

Continuity Correction

An adjustment made to a discrete probability distribution to better approximate a continuous distribution, often used in binomial and normal distribution approximation.

Discrete Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent yes/no experiments, each with the same probability of success.