City planners wanted to know how many people lived in a typi…

City planners wanted to know how many people lived in a typical housing unit so they compiled data from hundreds of forms that had been submitted in various city offices. Summary statistics are shown in the table. mean 2.53 people std. dev. 1.40 people min 1 Q1 1 Median 2 Q3 3 Max 10 a. (1 pt)Notice that the minimum occupancy and the first quartile are the same. Explain how this can be. b. (2 pts)The city classifies residences housing 4 or more people as “high occupancy”. Would you consider 4 occupants to be unusually high? Explain. c. (2 pts) The city bases their garbage disposal fee on the occupancy level of hte home or apartment. The annual fee is $40 plus $5 per person, so a single occupant pays $45 and the homes with 10 people pay $40 + $5(10)=$90 a year. What is the median fee paid? And the IQR? d. (2pts) What are the mean and standard deviation of the garbage disposal fee?  

Although most of us buy milk by the quart or gallon, farmers…

Although most of us buy milk by the quart or gallon, farmers measure daily production in pounds. Guernsey cows average 39 pounds of milk a day with a standard deviation of 8 pounds. For Jerseys the mean daily production is 43 pounds with a standard deviation of 5 pounds. When being shown at a state fair a champion Guernsey and a champion Jersey each gave 54 pounds of milk. Which cow’s milk production was more remarkable? Explain.

Heron Corporation, a calendar year, accrual basis taxpayer,…

Heron Corporation, a calendar year, accrual basis taxpayer, provides the following information for this year and asks you to compute taxable income:     Net income per books (after-tax) $257,950         Federal income tax liability 41,750   Interest income from tax-exempt bonds 15,000   Interest paid on loan incurred to purchase tax-exempt bonds 1,500   Life insurance proceeds received as a result of death of Heron’s president 150,000   Premiums paid on policy on life of Heron’s president 7,800   Excess of capital losses over capital gains 6,000   Retained earnings at beginning of year 375,000   Cash dividends paid 90,000

 Partridge Corporation (a calendar year C corporation) had t…

 Partridge Corporation (a calendar year C corporation) had the following income and expenses in 2021:     Income from operations $450,000   Expenses from operations 300,000   Dividends received (less than 20% ownership) 30,000   Charitable contribution 21,000   How much is Partridge Corporation’s taxable income for 2021?