Exhibit 5-7 The Probability That Pete Will Catch Fish When He Goes

question 116

Multiple Choice

Exhibit 5-7
The probability that Pete will catch fish when he goes fishing is .8. Pete is going to fish 3 days next week. Define the random variable X to be the number of days Pete catches fish.
-Refer to Exhibit 5-7. The probability that Pete will catch fish on one day or less is

• A).008
• B).096
• C).104
• D).8

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Definitions:

U.S. Income Tax

A tax imposed by the U.S. government on the income generated by businesses and individuals within its jurisdiction.

FICA Tax

A federal payroll tax in the United States that funds Social Security and Medicare programs.

Progressive

A term that may refer to a system or policy where the rate increases as the taxable amount increases, often used in the context of taxation or a general approach promoting change or innovation.

State Government Revenue

The income received by state governments, which can come from taxes, fees, and other sources.