Lillian has a defined benefit plan that promises an annual retirement benefit based on 2% of her final 3-year average annual salary for each year of service. At retirement, Lillian has 15 years of service and had an average salary of $80,000 over the last 3 years. What is the amount of her annual benefit?

Based on the information given the amount of her annual benefit is $24,000.

Using this formula

Annual benefit= Annual retirement benefit percentage × Average salary × Years of service

Where:

Annual retirement benefit percentage=2% or 0.02

Average salary=$80,000

Years of service=15 years

Let plug in the formula

Annual benefit= 0.02 × $80,000 × 15 years

Annual benefit=$24,000

Inconclusion  the amount of her annual benefit is $24,000.

Learn more about annual benefit here:link

the amount of her annual benefit is $24,000

Step-by-step explanation:

The computation of the amount of her annual benefit is as follows:

= Given percentage × average salary × number of years of service

= 2% × $80,000 × 15 years

= $24,000

Hence, the amount of her annual benefit is $24,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05