Question
For the year 2010, 33% of taxpayers with adjusted gross incomes between $30,000 and $60,000 itemized deductions on their federal income tax return. The mean
For the year 2010, 33% of taxpayers with adjusted gross incomes between $30,000 and $60,000 itemized deductions on their federal income tax return. The mean amount of deductions for this population of taxpayers was $16,642. Assume that the standard deviation is= $2,460. If required, round your answer to two decimal places.
(a)What are the sampling distributions ofxfor itemized deductions for this population of taxpayers for each of the following sample sizes: 30, 50, 100, and 400?
E(x)=$______ $
n (x)
30 $___________
50 $_____________
100 $____________
400 $___________
(b)What is the advantage of a larger sample size when attempting to estimate the population mean?A larger sample- Select your answer -
increases
does not change
reduces
Item 6
the standard error and results in a- Select your answer -
more
equally
less
Item 7
precise estimate of the population mean.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started