Home / Expert Answers / Statistics and Probability / taxes-the-internal-revenue-service-reports-that-the-mean-federal-income-tax-paid-in-the-year2010was-pa452

(Solved): Taxes: The Internal Revenue Service reports that the mean federal income tax paid in the year2010was ...



Taxes: The Internal Revenue Service reports that the mean federal income tax paid in the year

2010

was

$8040

. Assume that the standard deviation is

$4500

. The IRS plans to draw a sample of

1000

tax returns to study the effect of a new tax law.

(c) Find the

10th

percentile of the sample mean. Round the answer to at least one decimal place.

The

10th

percentile of the sample mean is

$blankstudent submitted image, transcription available below


Taxes: The Internal Revenue Service reports that the mean federal income tax paid in the year 2010 was . Assume that the standard deviation is . The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. Part 1 of 5 (a) What is the probability that the sample mean tax is less than ? Round the answer to at least four decimal places. The probability that the sample mean tax is less than is Part 2 of 5 (b) What is the probability that the sample mean tax is between and ? Round the answer to at least four decimal places. The probability that the sample mean tax is between and is Part 3 of 5 (c) Find the percentile of the sample mean. Round the answer to at least one decimal place. The percentile of the sample mean is


We have an Answer from Expert

View Expert Answer

Expert Answer



Solution:
Step-1:
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe