2)The IRS reports that the mean federal income tax paid in the year 2007 was $7908....
2)The IRS reports that the mean federal income tax paid in the
year 2007 was $7908. Assume
that the standard deviation is $5000. The IRS plans to draw a
sample of 1000 tax returns to
study the effect of a new tax law.
Which is more likely to happen: For the sample mean to be less than
$7500 or for an individual
to pay a tax less than $7500? Provide evidence for your
decision.
Homework Answers
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2)The IRS reports that the mean federal income tax paid in the
year 2007 was $7908....
The IRS reports that the mean federal income tax paid in the year 2007 was $7908....
The IRS reports that the mean federal income tax paid in the year 2007 was $7908. Assume that the population standard deviation is $5000. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. calculate standard deviation of sample means.
19% Bookmarks Window Help- rl File Edit View History www.awn.connectmath.com McGr Stadents NSu Merew-HCnpus-...
19% Bookmarks Window Help- rl File Edit View History www.awn.connectmath.com McGr Stadents NSu Merew-HCnpus-Summer 2019 9 Part 3 of 5 (c) Find the 40th percentile of the sample mean. Round the answer to at least two decimal places. The 40th percentile of the sample mean is $ Part 4 of 5 (d) Would it be unusual if the sample mean were less than $7700? Round answer to at least four decimal places. It (Choose one) unusual because the probability of...
Individuals filing federal income tax returns prior to March 31 received an average refund of $2763 Consider the populat...
Individuals filing federal income tax returns prior to March 31 received an average refund of $2763 Consider the population of “last-minute” filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). A researcher suggests that a reason individuals wait until the last five days is that,, on avaerage, these individuals receive lower refunds than do early filers. For a sample of 60 individuals who filed a tax return...
The Internal Revenue Service (IRS) provides a toll-free help line for tax payers to call in...
The Internal Revenue Service (IRS) provides a toll-free help line for tax payers to call in and get answers to questions as they prepare their tax returns. In recent years, the IRS has been inundated with tax payer calls and has redesigned its phone service as well as posting answers to frequently asked questions on its website (The Cincinnati Enquirer, January 7, 2010). According to a report by a taxpayer advocate, callers using the new system can expect to wait...
1. Individ uals filing federal income tax returns prior to March 31 received an average refund...
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Among all the income-tax forms filed in a certain year, the mean tax paid was $2000...
Among all the income-tax forms filed in a certain year, the mean tax paid was $2000 and the standard deviation was $500. In addition, for 10% of the forms, the tax paid was greater than $3000. A random sample of 630 tax forms is drawn. What is the probability that more than 60 of the sampled forms have a tax of greater than $3000?
Individuals filing federal income tax returns prior to March 31 received an average refund of $2763...
Individuals filing federal income tax returns prior to March 31 received an average refund of $2763 Consider the population of “last-minute” filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). A researcher suggests that a reason individuals wait until the last five days is that,, on avaerage, these individuals receive lower refunds than do early filers. For a sample of 60 individuals who filed a tax return...
Individuals fing federal income tax returns prior to March 3 received an average round of 31.....
Individuals fing federal income tax returns prior to March 3 received an average round of 31.. Consider the population of last minuters who all the tax return during the last five days of the income tax period (typically Kor 10 te April 15). a. A researcher suggests that a reason individuals wa s the last five days is that on average these individuals receive lower reunds than do early filers. Develop appropriate hypotheses such that rejection of He will support...
Video Individuals filing federal income tax returns prior to March 31 received an average refund of...
Video Individuals filing federal income tax returns prior to March 31 received an average refund of $1,088. Consider the population of "last-minute" flers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). .. A researcher suggests that a reason individuals wait until the last five days is that on average these individuals receive lower refunds than do early tiers. Develop appropriate hypotheses such that rejection of My wil...
Individuals filing federal income tax returns prior to March 31 received an average refund of $1,057....
Individuals filing federal income tax returns prior to March 31 received an average refund of $1,057. Consider the population of "last-minute" filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). a. A researcher suggests that a reason individuals wait until the last five days is that on average these individuals receive lower refunds than do early filers. Develop appropriate hypotheses such that rejection of H0 will support...
19% Bookmarks Window Help- rl File Edit View History www.awn.connectmath.com McGr Stadents NSu Merew-HCnpus-Summer 2019 9 Part 3 of 5 (c) Find the 40th percentile of the sample mean. Round the answer to at least two decimal places. The 40th percentile of the sample mean is $ Part 4 of 5 (d) Would it be unusual if the sample mean were less than $7700? Round answer to at least four decimal places. It (Choose one) unusual because the probability of...
The Internal Revenue Service (IRS) provides a toll-free help line for tax payers to call in and get answers to questions as they prepare their tax returns. In recent years, the IRS has been inundated with tax payer calls and has redesigned its phone service as well as posting answers to frequently asked questions on its website (The Cincinnati Enquirer, January 7, 2010). According to a report by a taxpayer advocate, callers using the new system can expect to wait...
1. Individ uals filing federal income tax returns prior to March 31 received an average refund of $1056. Consider the population of "last minute" filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). A researcher suggests that a reason individuals wait until the last five days is that on average these individuals receive lower refunds than do early filers. We have developed the following hypotheses for this...
Individuals fing federal income tax returns prior to March 3 received an average round of 31.. Consider the population of last minuters who all the tax return during the last five days of the income tax period (typically Kor 10 te April 15). a. A researcher suggests that a reason individuals wa s the last five days is that on average these individuals receive lower reunds than do early filers. Develop appropriate hypotheses such that rejection of He will support...
Video Individuals filing federal income tax returns prior to March 31 received an average refund of $1,088. Consider the population of "last-minute" flers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). .. A researcher suggests that a reason individuals wait until the last five days is that on average these individuals receive lower refunds than do early tiers. Develop appropriate hypotheses such that rejection of My wil...
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