Question: (a)A recent article in Nairobi Post Weekly Edition indicated that about 80% of the estimated Sh.200 billion of federal housing subsidies consists of tax breaks

(a)A recent article in Nairobi Post Weekly Edition indicated that about 80% of the estimated Sh.200 billion of federal housing subsidies consists of tax breaks (mainly deductions for mortgage interest payments and preferential treatment for profits on home sales). Nairobi County housing benefits average Sh.8,268 for those with incomes between Sh.50,000 and Sh.200,000 and Sh.365 for those with income of Sh.40,000 to Sh.50,000. Suppose the standard deviations of the housing benefits in these two categories were equal to Sh.2,750 and Sh.120, respectively.

(i)Examine the two standard deviations. What do these indicate about the range of benefits enjoyed by the two groups? [3 marks]

Repeat part (i) using the coefficient of variation as the measure of relative variation.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

QUESTION TWO [25 MARKS] Your task is to interview a representative sample of attendees for the large concert venue where you work. The new season schedule includes 200 live concerts featuring all...

A recent article in The Washington Post Weekly Edition indicated that about 80% of the estimated $200 billion of federal housing subsidies consists of tax breaks (mainly deductions for mortgage...

The Washington Post Weekly Edition quoted an Urban Institute study that stated that about 80% of the estimated $200 billion of federal housing subsidies consisted of tax breaks (mainly deductions for...

30. The Washington Post Weekly Edition quoted an Urban Institute study that stated that about 80% of the estimated $200 billion of federal housing subsidies consisted of tax breaks (mainly deductions...

Even before the Ownership Society programs of Presidents Clinton and Bush, the federal government was heavily involved in the housing market, primarily in the form of tax deductions for mortgage...

Even before the "Ownership Society" programs of Presidents Clinton and Bush, the federal government was heavily involved in the housing market, primarily in the form of tax deductions for mortgage...

Even before the Ownership Society programs of Presidents Clinton and Bush, the federal government was heavily involved in the housing market, primarily in the form of tax deductions for mortgage...

Construct radial hardness profiles for the following: (a) A 50-mm (2-in.) diameter cylindrical specimen of an 8640 steel alloy that has been quenched in moderately agitated oil (b) A 75-mm (3-in.)...

Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question. Mr. and Mrs. Braun own 100 percent of the stock of BB Inc., which operates a...

None NextGen Consulting Services estimates its direct labor costs to be $2,500,000 for the year. The estimated direct labor hours are 40,000. Overhead is allocated based on direct labor hours, and...

Question 2 (a) Discuss how the following groups of people use Accounting information. In your answer, consider differentiate the purpose and type of information used. (i) Managers (ii) Lenders/Bank...