Question: hat is the probability that the sample mean tax is less than$ 8000 ? Round the answer to at least four decimal places. The probability
hat is the probability that the sample mean tax is less than$
8000
? Round the answer to at least four decimal places.
The probability that the sample mean tax is less than$
8000
is
.
(b) What is the probability that the sample mean tax is between$
7400
and$
8000
? Round the answer to at least four decimal places.
The probability that the sample mean tax is between$
7400
and$
8000
is
) Find the60
th
percentile of the sample mean. Round the answer to at least two decimal places.
The60
th
percentile of the sample mean is$
(d) Would it be unusual if the sample mean were less than$
7600
? Round answer to at least four decimal places.
It
(Choose one)
unusual because the probability of the sample mean being less than$
7600
is
(e) Do you think it would be unusual for an individual to pay a tax of less than$
7600
? Explain. Assume the variable is normally distributed. Round the answer to at least four decimal places.
(Choose one)
, because the probability that an individual to pays a tax less than$
7600
is
.
(e) Do you think it would be unusual for an individual to pay a tax of less than$
7600
? Explain. Assume the variable is normally distributed. Round the answer to at least four decimal places.
.
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