Expense Rent
(monthly)
Telephone (monthly)
Groceries (weekly)
Clothing (monthly with 1/2 job related)
Water & Electric (monthly)
Weekly Dinner & Movie
Amount
$657.00
$56.34
$56.00
$106.00
$98.87
$40.00
You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax
withholding (10.75%), and state tax withholding (7.5%)
1) Assuming you budget a month as 4 weeks, how much is your total realized income, fixed
expenses, and discretionary expenses.
2) If you are able to work 20 hours of overtime the next month and are paid 1.5 times your
regular rate, how does this change your budget for that month?
3) How much can you put towards savings each month if you eliminated your discretionary
expenses?
Ok

An engineer is going to redesign an ejection seat for an airplane. the seat was designed for pilots weighing between 120 lb and 161 lb. the new population of pilots has normally distributed weights with a mean of 125 lb and a standard deviation of 28.1 lb. a)if a pilot is randomly selected, find the probability that his weight is between 120 lb and 161 lb.the probability is approximately? b. if 36 different pilots are randomly selected, find the probability that their mean weight is between 120 lb and 161 lb. the probability is approximately? c. when redesigning the ejection seat, which probability is more relevant? . part (b) because the seat performance for a single pilot is more important. b. part (b) because the seat performance for a sample of pilots is more important. c. part (a) because the seat performance for a sample of pilots is more important. d. part (a) because the seat performance for a single pilot is more important.