Property Tax Is Based on the Assessed Value of a Property.A

question 38

Multiple Choice

Property tax is based on the assessed value of a property.A house that has an assessed value of $200,000 has a property tax of $4,820.Find a mathematical model that gives the amount of property tax y in terms of the assessed value x of the property.Use the model to find the property tax on a house that has an assessed value of $230,000.(Round your answer to four decimal places. ) ​

• A) \(y = 0.0241 x ; \$ 230,000\)
• B) \(y = 0.0241 x ; \$ 5543\)
• C) \(y = 41.4938 x ; \$ 5543\)
• D) \(y = 41.4938 x ; \$ 9,543,568\)
• E) \(y = 0.0241 x ; \$ 9,543,568\)

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Definitions:

Cross Tabulation

A method used to analyze and display the relationship between two or more categorical variables in the form of a table.

Frequencies

Frequencies in statistics represent the number of times a particular value or category occurs within a data set.

Correlation

The relationship or association between two or more variables, which can be positive, negative, or zero.

Granular

Describes data or information that is highly detailed or broken down into smaller, finer pieces, allowing for deeper analysis or understanding.