What is a pre-tax savings plan? 1. the money set aside for savings (e. g., retirement) prior to tax assessment on income

2. the value of your savings before you pay tax on it

3. the value of your savings after you pay tax on it

4. the tax payment made after you saved the money for it

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?