Question
Assist with HW Use the following information to answer questions 4-6: Internal Revenue Services (IRS) selects taxpayer files for audit if their profile matches certain
Assist with HW
Use the following information to answer questions 4-6:
Internal Revenue Services (IRS) selects taxpayer files for audit if their profile matches certain criteria. The Following sample is taken from taxpayers who were audited for tax year 2019:
Frequency | Taxable Income($1000s) |
2 | 20 to under 40 |
5 | 40 to under 60 |
22 | 60 to under 80 |
25 | 80 to under 100 |
15 | 100 to under 120 |
10 | 120 to under 140 |
6 | 140 to under 160 |
5 | 160 to under 180 |
4. What is the cumulative relative frequency of taxpayers who were audited and their taxable income was less than $120,000?
5. What was the approximate average taxable income of taxpayers in this sample?
6. What is the approximate standard deviation of taxable income in this sample, rounded to the nearest dollar?
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