According to the Canada Revenue Agency,34.4%of personal tax returns processed for the2018tax year had balances owing to
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Question:
According to the Canada Revenue Agency, 34.4% of personal tax returns processed for the 2018 tax year had balances owing to the government. The average balance owing for 2018 was $5621 with a standard deviation of $151.76. Assume the balances follow a Normal distribution. Determine the amount owing that corresponds to the minimum of the top 10% balance
5615.50
$5,426.75
$5,815.25
$5, 500
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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