The mean real income is on the bottom right of the chart How do you calculate projected real income Price index Intercept (Coefficient) x (Year) Assume that Mrs Cook's real income wil not change over the next ten years Use the mean real income from previous steps to determine projected real income for the future ten years of Mrs Cook's work expectancy Use the regression equation from hint 2 to project adjusted price indices for the next ten years Assume that Mrs Cook pays 20 of her actual income in taxes and that Green will not provide significant state assistance Use the projected real income and adjusted price indices to estimate Mrs Cook's net actual income for the next ten years What would be the likely amount of an award to Mrs Cook based on a present value rate of 8 Discuss the factors that could cause Mrs Cook's future income to differ from your estimale Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Gross Income Price Index Adjusted Price Index Real Income Real Income 60 056 188 9 1 889 31,792 48 31792 48 61,257 195 3 1 953 31,365,59 31 365 59 62,482 201 6 2016 10 993 06 30 993 06 63,732 2073 2 073 30,743 85 30 743 85 65 007 215 3 2 153 30,193 68 30 193 68 66,307 214 5 2 145 30 912 35 30 912 35 67,633 218 1 2 181 31 010 09 31 010 09 68,986 2249 2 249 30,674,08 30,674 08 70,366 229 6 2 296 30,647 21 30,647 21 71 773 233 2 33 30 803,86 30 803 86 73,208 236 7 2 367 30 928 60 30,928 60 74,672 237 2 37 31,507 17 31,507 17 76,165 240 24 31 735 42 31,736 42 77 688 245 1 2 451 31,696 45 31 696 45 79 242 251 1 2 511 31,557 95 31,557 95 Group 7 Formulas and Findings Adjuted Price Index Price index 100 Real income Gross income Adj Price Index Total Mean Median Standard Deviation Variance 466,561 84 31,104 12 30 993 06 477 44 22795101 466,561 84 31,104 12 30 993 06 477 44 227951 01 1 Use mean real income from question 1 to determine projected real income for 2019 2028 2 Use regression equation from question 2 to determine projected adjusted price indices 3 Use projected real income, adjusted price indices, and tax to estimate Mrs Cook's net actual income for 2019 2028 1 4 Determine the present value of the future net cash flow Assume that Mrs Cook's real income wil not change over the next ten years Use the mean real income from previous steps to determine projected real income for the future ten years of Mrs Cook's work expectancy Use the regression equation from hint 2 to project adjusted price indices for the next ten years Assume that Mrs Cook pays 20 of her actual income in taxes and that Green will not provide significant state assistance Use the projected real income and adjusted price indices to estimate Mrs Cook's net actual income for the next ten years What would be the likely amount of an award to Mrs Cook based on a present value rate of 8 Discuss the factors that could cause Mrs Cook's future income to differ from your estimale Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Gross Income Price Index Adjusted Price Index Real Income Real Income 60 056 188 9 1 889 31,792 48 31792 48 61,257 195 3 1 953 31,365,59 31 365 59 62,482 201 6 2016 10 993 06 30 993 06 63,732 2073 2 073 30,743 85 30 743 85 65 007 215 3 2 153 30,193 68 30 193 68 66,307 214 5 2 145 30 912 35 30 912 35 67,633 218 1 2 181 31 010 09 31 010 09 68,986 2249 2 249 30,674,08 30,674 08 70,366 229 6 2 296 30,647 21 30,647 21 71 773 233 2 33 30 803,86 30 803 86 73,208 236 7 2 367 30 928 60 30,928 60 74,672 237 2 37 31,507 17 31,507 17 76,165 240 24 31 735 42 31,736 42 77 688 245 1 2 451 31,696 45 31 696 45 79 242 251 1 2 511 31,557 95 31,557 95 Group 7 Formulas and Findings Adjuted Price Index Price index 100 Real income Gross income Adj Price Index Total Mean Median Standard Deviation Variance 466,561 84 31,104 12 30 993 06 477 44 22795101 466,561 84 31,104 12 30 993 06 477 44 227951 01 1 Use mean real income from question 1 to determine projected real income for 2019 2028 2 Use regression equation from question 2 to determine projected adjusted price indices 3 Use projected real income, adjusted price indices, and tax to estimate Mrs Cook's net actual income for 2019 2028 1 4 Determine the present value of the future net cash flow

Question

The mean real income is on the bottom right of the chart  How do you calculate projected real income   Price index   Intercept   (Coefficient) x (Year) Assume that Mrs  Cook's real income wil not change over the next ten years  Use the mean real income from previous steps to determine projected real income for the future ten years of Mrs  Cook's work expectancy  Use the regression equation from hint 2 to project adjusted price indices for the next ten years  Assume that Mrs  Cook pays 20  of her actual income in taxes and that Green will not provide significant state assistance Use the projected real income and adjusted price indices to estimate Mrs  Cook's net actual income for the next ten years  What would be the likely amount of an award to Mrs  Cook based on a present value rate of 8   Discuss the factors that could cause Mrs  Cook's future income to differ from your estimale  Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Gross Income Price Index Adjusted Price Index Real Income Real Income 60 056 188 9 1 889 31,792 48 31792 48 61,257 195 3 1 953 31,365,59 31 365 59 62,482 201 6 2016 10 993 06 30 993 06 63,732 2073 2 073 30,743 85 30 743 85 65 007 215 3 2 153 30,193 68 30 193 68 66,307 214 5 2 145 30 912 35 30 912 35 67,633 218 1 2 181 31 010 09 31 010 09 68,986 2249 2 249 30,674,08 30,674 08 70,366 229 6 2 296 30,647 21 30,647 21 71 773 233 2 33 30 803,86 30 803 86 73,208 236 7 2 367 30 928 60 30,928 60 74,672 237 2 37 31,507 17 31,507 17 76,165 240 24 31 735 42 31,736 42 77 688 245 1 2 451 31,696 45 31 696 45 79 242 251 1 2 511 31,557 95 31,557 95 Group 7  Formulas and Findings Adjuted Price Index Price index 100 Real income Gross income Adj  Price Index Total  Mean  Median  Standard Deviation  Variance 466,561 84 31,104 12 30 993 06 477 44 22795101 466,561 84 31,104 12 30 993 06 477 44 227951 01 1  Use mean real income from question 1 to determine projected real income for 2019 2028  2  Use regression equation from question 2 to determine projected adjusted price indices  3  Use projected real income, adjusted price indices, and tax to estimate Mrs  Cook's net actual income for 2019   2028  1 4  Determine the present value of the future net cash flow  Assume that Mrs  Cook's real income wil not change over the next ten years  Use the mean real income from previous steps to determine projected real income for the future ten years of Mrs  Cook's work expectancy  Use the regression equation from hint 2 to project adjusted price indices for the next ten years  Assume that Mrs  Cook pays 20  of her actual income in taxes and that Green will not provide significant state assistance Use the projected real income and adjusted price indices to estimate Mrs  Cook's net actual income for the next ten years  What would be the likely amount of an award to Mrs  Cook based on a present value rate of 8   Discuss the factors that could cause Mrs  Cook's future income to differ from your estimale  Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Gross Income Price Index Adjusted Price Index Real Income Real Income 60 056 188 9 1 889 31,792 48 31792 48 61,257 195 3 1 953 31,365,59 31 365 59 62,482 201 6 2016 10 993 06 30 993 06 63,732 2073 2 073 30,743 85 30 743 85 65 007 215 3 2 153 30,193 68 30 193 68 66,307 214 5 2 145 30 912 35 30 912 35 67,633 218 1 2 181 31 010 09 31 010 09 68,986 2249 2 249 30,674,08 30,674 08 70,366 229 6 2 296 30,647 21 30,647 21 71 773 233 2 33 30 803,86 30 803 86 73,208 236 7 2 367 30 928 60 30,928 60 74,672 237 2 37 31,507 17 31,507 17 76,165 240 24 31 735 42 31,736 42 77 688 245 1 2 451 31,696 45 31 696 45 79 242 251 1 2 511 31,557 95 31,557 95 Group 7  Formulas and Findings Adjuted Price Index Price index 100 Real income Gross income Adj  Price Index Total  Mean  Median  Standard Deviation  Variance 466,561 84 31,104 12 30 993 06 477 44 22795101 466,561 84 31,104 12 30 993 06 477 44 227951 01 1  Use mean real income from question 1 to determine projected real income for 2019 2028  2  Use regression equation from question 2 to determine projected adjusted price indices  3  Use projected real income, adjusted price indices, and tax to estimate Mrs  Cook's net actual income for 2019   2028  1 4  Determine the present value of the future net cash flow

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The mean real income is on the bottom right of the chart. How do you calculate projected real income ? Price index = Intercept +

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