To calculate: The amount he should overdraw from each bank to avoid investigation by the Ethics Committee and overdraw his account at integrity by as much as his sense of guilt will allow where Pokbarrel habitually overdraws his 3 bank accounts at the Congressional Integrity Bank, Citizen’s Trust and Checks R Us, and there are no penalties because the overdrafts are subsidized by the taxpayer, at the moment a total overdraft of up to
Want to see the full answer?
Check out a sample textbook solutionChapter 6 Solutions
Finite Mathematics and Applied Calculus (MindTap Course List)
- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?arrow_forwardNew legislation passed in 2017 by the U.S. Congress changed tax laws that affect how many people file their taxes in 2018 and beyond. These tax law changes will likely lead many people to seek tax advice from their accountants (The New York Times). Backen and Hayes LLC is an accounting firm in New York state. The accounting firm believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming tax season. Backen and Hayes LLC has developed the following probability distribution for number of new clients seeking tax advice. x f(x) 20 0.05 25 0.20 30 0.25 35 0.15 40 0.15 45 0.10 50 0.10 b. What is the probability that Backen and Hayes LLC will obtain 40 or more new clients (to 2 decimals c. What is the probability that Backen and Hayes LLC will obtain fewer than 35 new clients (to 2 decimals)? d.Compute the expected value, variance, and standard deviation of (to 2 decimals). Expected value…arrow_forwardDuring the last few days M Oil Company has requested rate increases several times. As a result of the granted rate increase, the following revenue amounts will be earned: P18.2 million, 14.9 million, P20 million, P19.2 million, P18.7 million, P15.4 million. P10.2 million, P22 million, P17.5 million, P14.6 million, P13.2 million, and P16.3 million. What is the median for the revenue amounts realized? Please show your solution and write readable thanks.arrow_forward