A random sample of 40 taxpayers with adjusted gross incomes of between $100,000 and $200,000 was drawn.

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A random sample of 40 taxpayers with adjusted gross incomes of between $100,000 and $200,000 was drawn. These taxpayers claimed an average of $9,922 in medical expenses for the year. Assume the population standard deviation for these deductions was $2,400.

Construct confidence intervals to estimate the average deduction for the population with the following levels of significance:

a. 2%

b. 5%

c. 10%

AppendixLO1

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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