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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 = $2,560. If required, round your answer to two decimal places.
(a) | What are the sampling distributions of x for itemized deductions for this population of taxpayers for each of the following sample sizes: 30, 50, 100, and 400? | ||||||||||
E(x) = $ | |||||||||||
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(b) | What is the advantage of a larger sample size when attempting to estimate the population mean? | ||||||||||
A larger sample - Select your answer -increasesdoes not changereducesItem 6 the standard error and results in a - Select your answer -moreequallylessItem 7 precise estimate of the population mean. |
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