Mickey is 40 years old and has his retirement savings in a 401(k). If he makes $55,000 annually, what is the maximum percentage
2 answers:
Answer:
30%.
Step-by-step explanation:
We have been given that Mickey makes $55,000 annually and the current maximum contribution limit to 401(k) plan is $16,500. We are asked to find the maximum percentage Mickey can contribute of his 401(k) plan.
To find the maximum contribution percentage, we need to figure out $16,500 is what percent of $55,000.
Therefore, Mickey can contribute 30% of his annual income to his 401(k) plan at maximum.
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Answer:
Daniel can read his data and refer to line as best line of fit and estimate an average per set of hours.
Step-by-step explanation:
A line of fit draws a solid conclusion to the average for the hours spent during the amount of indicated hours. We draw a line of fit central fit and aim similar centrality as that similar results of the mean (without working out the mean we can draw a line perpendicular to the number of mean, but in line of fit we go central to all the descending or cascading results to include all results but just using one line), with one further consideration and that is balance if anything sticks out from the norm ie) weather conditions including data, we suggest if there is nothing to weigh the line of fit to a balancing outcome that shows the opposite of kilometres walked (eg. extreme higher mileage within the hour/s) then it may just alter the line a fraction of how many treks he did, but not in data less than 30 entries. Have attached an example where they classify in economics something outside the norm is called a misfit. Daniel can read his data and refer to line as best line of fit and estimate an average per set of hours. Here on the attachment you can read any misfit info and use the line coordination perpendicular to guide the indifference, the attachment shows it is not really included in the best line of fit as other dominating balances have occurred and therefore we have a misfit, all whilst using best line of fit to balance everything fairly.
Answer:
Step-by-step explanation:
Let
x ----> the number of minutes
y ----> the amount of fuel in gallons
we know that
The linear equation in slope intercept form is equal to
where
m is the unit rate or slope
b is the y-intercept or initial value
we have that
The unit rate or slope is equal to
----> initial value (value of y when the value of x is equal to zero)
substitute