Math  /  Data & Statistics

QuestionTaxes: The Internal Revenue Service reports that the mean federal income tax paid in the year 2010 was $8040\$ 8040. Assume that the standard deviation is $4800\$ 4800. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law.
Part: 0/50 / 5 \square
Part 1 of 5 (a) What is the probability that the sample mean tax is less than $8100\$ 8100 ? Round the answer to at least four decimal places.
The probability that the sample mean tax is less than $8100\$ 8100 is \square .

Studdy Solution
Use the z-score to find the probability that the sample mean is less than \$8100. Look up the z-score in a standard normal distribution table or use a calculator:
The probability P(Z<0.3947)0.6535 P(Z < 0.3947) \approx 0.6535
The probability that the sample mean tax is less than \$8100 is approximately:
0.6535 \boxed{0.6535}

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