For Questions use the following narrative
Narrative: Taxes
Suppose you have a taxing policy where 60% of the population pays $10,000 per year in taxes per person, and the other 40% pays $100 per year in taxes per person.
-{Taxes narrative} What is the expected value for the amount of yearly taxes paid by one person in this population?

Question

Quizplus · Accepted Answer

The Answer of For Questions use the following narrative
Narrative: Taxes
Suppose you have a taxing policy where 60% of the population pays $10,000 per year in taxes per person, and the other 40% pays $100 per year in taxes per person.
-{Taxes narrative} What is the expected value for the amount of yearly taxes paid by one person in this population?

For Questions Use the Following Narrative