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[Solved] Oak Hill has 74,806 registered automobiles. A city ordinance requires each to display a bumper decal showing that the owner paid an annual wheel

Question: Oak Hill has 74,806 registered automobiles. A city ordinance requires each to display a bumper decal showing that the owner paid an annual wheel tax of $50. By law, new decals need to be purchased during the month of the owner's birthday. This year’s budget assumes that at least $306,000 in decal revenue will be collected in November. What is the probability that taxes reported in that month will be less than anticipated and produce a budget shortfall?

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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