Among all the income-tax forms filed in a certain year, the mean tax paid was $2000 and
Question:
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 625 tax forms is drawn.
a. What is the probability that the average tax paid on the sample forms is greater than $1980?
b. What is the probability that more than 60 of the sampled forms have a tax of greater than $3000?
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a Let X 1 X625 be the amounts of tax on the 625 forms Then ...View the full answer
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