Question
You may need to use the appropriate appendix table or technology to answer this question. The Wall Street Journal reports that 33% of taxpayers with
You may need to use the appropriate appendix table or technology to answer this question.The Wall Street Journal reports that 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 the standard deviation is
= $2,400.
(a)What is the probability that a sample of taxpayers from this income group who have itemized deductions will show a sample mean within $200 of the population mean for each of the following sample sizes: 20, 50, 150, and 400? (Round your answers to four decimal places.)
sample size n = 400
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