8. Federal Income Tax Returns. The Wall Street Journal reports that 33% of taxpayerswith adjusted gross incomes between $30,000 and $60,000 itemized deductions ontheir federal income tax return. The mean amount of deductions for this population oftaxpayers was $16,642. Assume that the standard deviation is o = $2,400. LO 5a. What are the sampling distributions of for itemized deductions for this populationof taxpayers for each of the following sample sizes: 30, 50, 100, and 400?b. What is the advantage of a larger sample size when attempting to estimate thepopulation mean?

The mean amount of deductions for this population taxpayers was $16,642. Assume that the standard…

Answered: =. Federal Income Tax Returns. The Wall…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Airline Fares. The mean airfare for flights departing from Buffalo Niagara International Airport during the first three months of 2017 was $320.51. Assume the standard deviation for this population of fares is known to be $80. Suppose a random sample of 60 flights departing from Buffalo Niagara International Airport during the first three months of 2018 is taken. If the mean and standard deviation of the population of airfares for flights departing from Buffalo Niagara International Airport didn’t changed between the first three months of 2017 and the first three months of 2018, what is the probability the sample mean will be within $20 of the population mean cost per flight? What is the probability the sample mean will be within $10 of the population mean cost per flight?
What is the standard deviation?
Suppose that the distance of fly balls hit to the outfield (in baseball) is normally distributed with a mean of 247 feet and a standard deviation of 53 feet. Use your graphing calculator to answer the following questions. Write your answers in percent form. Round your answers to the nearest tenth of a percent. a) If one fly ball is randomly chosen from this distribution, what is the probability that this ball traveled fewer than 192 feet? P(fewer than 192 feet) = % b) If one fly ball is randomly chosen from this distribution, what is the probability that this ball traveled more than 204 feet? P(more than 204 feet) = %
It is known that incomes from the USA follow a normal distribution with a mean of $55,000 and a standard deviation of $12,000. A researcher took a sample of 100 people in the USA and obtained a sample mean of $67,000 with a standard deviation of $18,000. What are the characteristics of the sampling distribution. A. Mean = $55,000 and Standard Deviation of the Mean = $1200 B. Mean = $55,000 and Standard Deviation of the Mean = $12000 C. Mean = $67,000 and Standard Deviation of the Mean = $569.21 D. Mean = $67,000 and Standard Deviation of the Mean = $1800
On average, Upstate Chevrolet sells 20 cars each week, with a standard deviation of 2. How many cars sold represents 2 standard deviations above the mean? Answer How many cars sold represent 1 standard deviation below the mean? Answer Approximately 68% will fall between Answer and Answer . Approximately 99.7% will fall between Answer and Answer . What is the probability that the car lot will sell at least 18 cars? Answer % What is the probability that a car lot will sell at most 26 cars? Answer %
the following numbers show the mileage of cars 10 sold . 86 , 87,90 , 87.2,88.2,87.4,87.8,89.7,88.9,89.6 find mean, standard deviation using probabilty plot. explain if data is normally distributed or not
PLS. Solve Quickly Applications Problems According to a Sallie Mae survey and credit bureau data, in 2008, college students carried an average of $3173 debt on their credit cards (USA TODAY, April 13, 2009). Suppose that cur- rent credit card debts for all college students have a normal distribution with a mean of $3173 and a standard deviation of $800. Find the probability that credit card debt for a randomly se- lected college student is between $2109 and $3605.
Assume that the mathematics scores on the SAT are normally distributed with a mean of 500 and a standard deviation of 100. What percent of students who took the test have a mathematics score between 590 and 640? FAUTE E CEL Click here to view page 1 of the standard normal table. Click here to view page 2 of the standard normal table. a S ........ % of students who took the test have a mathematics score between 590 and 640. (Round to two decimal places as needed.).
Approximately 10% of people in the U.S. earn an income of $200,000 per year or higher. If income were normally distributed, and the mean income is $40,000 per year, what is the standard deviation of income in the U.S.? (Note. these figures are not accurate.)
Given that the mean and standard deviation are $24 and $3. Calculate the variance.

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