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 $4700. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. Part: 0 / 5 Part 1 of 5 (a) What is the probability that the sample mean tax is less than $80 ? Round the answer to at least four decimal places. The probability that the sample mean tax is less than $8000 is X Ś

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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 $4700. The IRS plans to draw a sample of 1000 tax returns to
study the effect of a new tax law.
Part: 0 / 5
Part 1 of 5
(a) What is the probability that the sample mean tax is less than $800
? Round the answer to at least four decimal places.
The probability that the sample mean tax is less than $8000 is
X
Transcribed Image Text: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 $4700. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. Part: 0 / 5 Part 1 of 5 (a) What is the probability that the sample mean tax is less than $800 ? Round the answer to at least four decimal places. The probability that the sample mean tax is less than $8000 is X
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