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IGH of taxpayers was $15,119. Assume that the standard deviation is o = $2382. Use z-table. a. What is the probability that a sample of taxpayers from this income group who have itemized deductions will show a sample mean within $234 of the population mean for each of the following sample sizes: 30, 50, 100, and 400? Round your answers to four decimals. n = 30 n = 50 n = 100 n = 400 b. What is the advantage of a larger sample size when attempting to estimate the population mean? Round your answers to four decimals. A larger sample decreases the probability that the sample mean will be within a specified distance of the population mean. In this instance, the probability of being within +234 of µ ranges from for a sample of size 30 to for a sample of size 400.

IGH of taxpayers was $15,119. Assume that the standard deviation is o = $2382. Use z-table. a. What is the probability that a sample of taxpayers from this income group who have itemized deductions will show a sample mean within $234 of the population mean for each of the following sample sizes: 30, 50, 100, and 400? Round your answers to four decimals. n = 30 n = 50 n = 100 n = 400 b. What is the advantage of a larger sample size when attempting to estimate the population mean? Round your answers to four decimals. A larger sample decreases the probability that the sample mean will be within a specified distance of the population mean. In this instance, the probability of being within +234 of µ ranges from for a sample of size 30 to for a sample of size 400.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The Wall Street Journal reported 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 $15,119. Assume that the standard deviation is o = $2382. Use z-table. a. What is the probability that a sample of taxpayers from this income group who have itemized deductions will show a sample mean within $234 of the population mean for each of the following sample sizes: 30, 50, 100, and 400? Round your answers to four decimals. n = 30 n = 50 n = 100 n = 400 b. What is the advantage of a larger sample size when attempting to estimate the population mean? Round your answers to four decimals. A larger sample decreases the probability that the sample mean will be within a specified distance of the population mean. In this instance, the probability of being within ±234 of µ ranges from for a sample of size 30 to for a sample of size 400.
Transcribed Image Text:The Wall Street Journal reported 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 $15,119. Assume that the standard deviation is o = $2382. Use z-table. a. What is the probability that a sample of taxpayers from this income group who have itemized deductions will show a sample mean within $234 of the population mean for each of the following sample sizes: 30, 50, 100, and 400? Round your answers to four decimals. n = 30 n = 50 n = 100 n = 400 b. What is the advantage of a larger sample size when attempting to estimate the population mean? Round your answers to four decimals. A larger sample decreases the probability that the sample mean will be within a specified distance of the population mean. In this instance, the probability of being within ±234 of µ ranges from for a sample of size 30 to for a sample of size 400.
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Here use normal distribution table for finding probability from z score

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