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Times: The Internal Revenue Service reports that the mean federal income tax paid in the 'y'EaF 2010 was 53040. Assume that the standard deviation is
Times: The Internal Revenue Service reports that the mean federal income tax paid in the 'y'EaF 2010 was 53040. Assume that the standard deviation is 33-000. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. Part 5 of 5 X (e) Do you think it would be unusual for an individual to pay a tax of less than $79007 Explain. Assume the variable is normally distributed. Round the answer to at least four decimal places. No because the probability that an individual pays a tax less than $7900 is |0.18796 Correct Answer: No, because the probability that an individual pays a tax less than $7900 is 0.4888
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