Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the IRS, the average income tax refund for 2017 tax year was $2,780.Assume the refund per person follows the normal curve distribution with

According to the IRS, the average income tax refund for 2017 tax year was $2,780.Assume the refund per person follows the normal curve distribution with a standard deviation of $950.

  1. What is the probability that a randomly selected tax return from the 2017 tax year will be
  2. More than $2,000?
  3. Between $1,600 and $2,500?
  4. Between $3,200 and $4,000?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theory And Applications Of Partial Functional Differential Equations

Authors: Abrar A Khan

1st Edition

9353141915, 9789353141912

More Books

Students also viewed these Mathematics questions