Among all the income tax forms filed in a certain year, the mean tax paid was $2000 and the standard deviation was $500. In addition, for 10% of all the tax forms, the tax paid was greater than $3000 each. A random sample of 625 tax forms is drawn. Questions Question 5, Part a: What is the probability that the average tax paid on the sampled forms is greater than $1985? Question 5, Part b: What is the probability that in more than 60 of the sampled forms, the tax paid is greater than $3000 each?
Among all the income tax forms filed in a certain year, the mean tax paid was $2000 and the standard deviation was $500. In addition, for 10% of all the tax forms, the tax paid was greater than $3000 each. A random sample of 625 tax forms is drawn. Questions Question 5, Part a: What is the probability that the average tax paid on the sampled forms is greater than $1985? Question 5, Part b: What is the probability that in more than 60 of the sampled forms, the tax paid is greater than $3000 each?
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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Question
Among all the income tax forms filed in a certain year, the mean tax paid was $2000 and the standard deviation was $500. In addition, for 10% of all the tax forms, the tax paid was greater than $3000 each. A random sample of 625 tax forms is drawn.
Questions
Question 5, Part a:
What is the
Question 5, Part b:
What is the probability that in more than 60 of the sampled forms, the tax paid is greater than $3000 each?
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