A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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The average income tax refund for the 2009 tax year was $3142. Assume the refund per person follows the normal probability distribution with a standard deviation of
$926. Complete parts a through d below.
a. What is the probability that a randomly selected tax return refund will be more than $2100?
(Round to four decimal places as needed.)
b. What is the probability that a randomly selected tax return refund will be between $1400 and $3000?
(Round to four decimal places as needed.)
c. What is the probability that a randomly selected tax return refund will be between $3200 and $4200?
(Round to four decimal places as needed.)
d. What refund amount represents the 35th percentile of tax returns?
$
(Round to the nearest dollar as needed.)
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Transcribed Image Text:The average income tax refund for the 2009 tax year was $3142. Assume the refund per person follows the normal probability distribution with a standard deviation of $926. Complete parts a through d below. a. What is the probability that a randomly selected tax return refund will be more than $2100? (Round to four decimal places as needed.) b. What is the probability that a randomly selected tax return refund will be between $1400 and $3000? (Round to four decimal places as needed.) c. What is the probability that a randomly selected tax return refund will be between $3200 and $4200? (Round to four decimal places as needed.) d. What refund amount represents the 35th percentile of tax returns? $ (Round to the nearest dollar as needed.)
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