A survey from the Department of Motor Vehicles was given to local residents in the city of Slothville. The results showed that 60% held a valid driver's license. Of the individuals who hold a valid driver's license, 30% had at least one traffic violation whereas 20% who did not have a valid driver's license had at least one traffic violation. What is the probability that an individual does NOT have a traffic violation?
60% have a valid license, so 40% do not have a valid license of the 60% with a valid license, 70% had no violations (100%-30%=70%) 70%*60%=0.7*0.6=0.42=42% had no violations of the 40% that had no valid license, 80% had no violations (100%-20%=80%) 80%*40%=0.8*0.4=0.32=32% had no violations 42%+32%=74% with no violations
What is a deferred tax liability?
Deferred tax liability is a tax expense amount reported on a company’s income statement that is not actually paid to the Income-tax department in that time period, but is expected to be paid in the future.
Find the equation of the line that passes through the point (-2, 3) and has a slope equal to -2.
Given data: 1. Slope = -2 2. Line passes through point: (-2 , 3) Solution: Equation of line= (y-y1)= (x-x1)* slope (where y1 and x1 are points through which the line passes) So, y - 3 = -2(x + 2) is the answer