Aswer all 5 Question 11 Disposable income is calculated by s.pdf

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(a)Suppose for PolyU students, the average price of smartphones they pay is $4500 with a standard deviation of $2400. If a random sample of 45 students is selected from PolyU, what is the probability that the mean price of their smartphones is less than $4200? (b) A random sample of 8 notebook computers with the N1 processor is selected and the prices (in HK$) of these computers are listed below: 7500 9700 14490 8999 6299 12499 13290 8799 i. Construct a 95% confidence interval for the mean price of all notebook computers with the N1 processor. State any assumption(s)/approximation(s) used and inter- pret your result. ii. Determine the sample size required if we want to be 95% confident that the error of our estimate is at most HK$750. State any assumption(s)/ approximation(s) used. (c) In a random sample of 200 staff from PolyU, it is found that 126 of them have adopted work from home in 2021. Construct a 99% confidence interval for the true proportion of PolyU staff who have adopted work from home in 2021..

Aswer all 5
Question 11
Disposable income is calculated by subtracting _________ from personal income.
Group of answer choices
A. transfer payments
B. personal income taxes
C. excise taxes
D. Social Security contributions
Question 12
National income equals
Group of answer choices
A.net domestic product minus indirect business taxes.
B. foreign factors minus indirect business taxes.
C. net domestic product minus foreign factors minus indirect business taxes.
D. indirect business taxes minus foreign factors minus net domestic product.
Question 13
Net domestic product equals
Group of answer choices
A. aggregate income minus depreciated capital.
B. national income minus personal income taxes minus corporate taxes.
C. undistributed corporate profits minus foreign factors.
D. aggregate income minus aggregate spending.
Question 14
National income is derived by subtracting from net domestic product those factors that do not
contribute value to national income.
Group of answer choices
True
False
Question 15
Net investment (gross investment minus depreciation) measures the rate at which an economy's
capital stock is changing.
Group of answer choices
True
False

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