Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Internal Revenue Service reported the average refund in 2 0 2 2 was $ 3 , 3 9 9 with a standard deviation of

The Internal Revenue Service reported the average refund in 2022 was $3,399 with a standard deviation of 76.4. Assume the amount refunded is normally distributed.
Required:
What percent of the refunds are more than $3,500?
Note: Round your intermediate calculations and final answer to 2 decimal places.
What percent of the refunds are more than $3,500 but less than $3,579?
Note: Round your intermediate calculations and final answer to 2 decimal places.
What percent of the refunds are more than $3,325 but less than $3,579?
Note: Round your intermediate calculations and final answer to 2 decimal places.

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

Auditing Leadership The Professional And Leadership Skills You Need

Authors: Brian D. Kush

1st Edition

0470450010, 9780470450017

More Books

Students also viewed these Accounting questions

Question

50. Prove the result in the second proposition, MaXb (t) ebtMX(at).

Answered: 1 week ago