Question

The average income tax refund for the 2009 tax year was ?$2848. Assume the refund per...

The average income tax refund for the 2009 tax year was ?$2848.

Assume the refund per person follows the normal probability distribution with a standard deviation of ?$946.

Complete parts a through d below.

a. What is the probability that a randomly selected tax return refund will be more than ?$2300???(Round to four decimal places as? needed.)

b. What is the probability that a randomly selected tax return refund will be between ?$1300 and ?$2900???(Round to four decimal places as? needed.)

c. What is the probability that a randomly selected tax return refund will be between ?$3000 and ?$4400???(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.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The average income tax refund for the 2009 tax year was ​$2992 . Assume the refund...
The average income tax refund for the 2009 tax year was ​$2992 . Assume the refund per person follows the normal probability distribution with a standard deviation of ​$946 . Complete parts a through d below. a. What is the probability that a randomly selected tax return refund will be more than ​$1900 ​? nothing ​(Round to four decimal places as​ needed.) b. What is the probability that a randomly selected tax return refund will be between ​$1600 and ​$2600...
The average income tax refund for the 2009 tax year was ​$2847. Assume the refund per...
The average income tax refund for the 2009 tax year was ​$2847. Assume the refund per person follows the normal probability distribution with a standard deviation of ​$906. Complete parts a through d below. a. What is the probability that a randomly selected tax return refund will be more than ​$2100​? nothing ​(Round to four decimal places as​ needed.) b. What is the probability that a randomly selected tax return refund will be between ​$1600 and ​$3000​? nothing ​(Round to...
According to a recent? survey, the average daily rate for a luxury hotel is ?$235.44. Assume...
According to a recent? survey, the average daily rate for a luxury hotel is ?$235.44. Assume the daily rate follows a normal probability distribution with a standard deviation of ?$22.11. Complete parts a through d below. a. What is the probability that a randomly selected luxury? hotel's daily rate will be less than $ 255? ?(Round to four decimal places as? needed.) b. What is the probability that a randomly selected luxury? hotel's daily rate will be more than $...
According to a recent​ survey, the average daily rate for a luxury hotel is ​$238.45. Assume...
According to a recent​ survey, the average daily rate for a luxury hotel is ​$238.45. Assume the daily rate follows a normal probability distribution with a standard deviation of ​$21.02. Complete parts a through d below. a. What is the probability that a randomly selected luxury​ hotel's daily rate will be less than $ 257 ? ​(Round to four decimal places as​ needed.) b. What is the probability that a randomly selected luxury​ hotel's daily rate will be more than...
According to a marketing​ website, adults in a certain country average 54 minutes per day on...
According to a marketing​ website, adults in a certain country average 54 minutes per day on mobile devices this year. Assume that minutes per day on mobile devices follow the normal distribution and has a standard deviation of 9 minutes. Complete parts a through d below. a. What is the probability that the amount of time spent today on mobile devices by an adult is less than 63 ​minutes? nothing ​(Round to four decimal places as​ needed.) b. What is...
According to a research​ institution, the average hotel price in a certain year was ​$97.39. Assume...
According to a research​ institution, the average hotel price in a certain year was ​$97.39. Assume the population standard deviation is ​$18.00 and that a random sample of 34 hotels was selected. Complete parts a through d below. a. Calculate the standard error of the mean. ​(Round to two decimal places as​ needed.) b. What is the probability that the sample mean will be less than ​$98​? ​(Round to four decimal places as​ needed.) c. What is the probability that...
One year consumers spent an average of ​$21 on a meal at a resturant. Assume that...
One year consumers spent an average of ​$21 on a meal at a resturant. Assume that the amount spent on a resturant meal is normally distributed and that the standard deviation is ​$5. Complete parts​ (a) through​ (c) below. a. What is the probability that a randomly selected person spent more than ​$22? ​P(Xgreater than>​$22​)= ​(Round to four decimal places as​ needed.) b. What is the probability that a randomly selected person spent between ​$9 and ​$18? ​P($9less than<Xless than<​$18​)equals=nothing...
The number of chocolate chips in an​ 18-ounce bag of chocolate chip cookies is approximately normally...
The number of chocolate chips in an​ 18-ounce bag of chocolate chip cookies is approximately normally distributed with a mean of 1252 chips and standard deviation 129 chips. ​(a) What is the probability that a randomly selected bag contains between 1000 and 1400 chocolate​ chips, inclusive? ​(b) What is the probability that a randomly selected bag contains fewer than 1100 chocolate​ chips? ​(c) What proportion of bags contains more than 1200 chocolate​ chips? ​(d) What is the percentile rank of...
The Internal Revenue Service reports that the mean federal income tax paid in the year 2010...
The Internal Revenue Service reports that the mean federal income tax paid in the year 2010 was $8040. Assume that the standard deviation is $5000. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. A) What is the probability that the sample mean tax is less than $7900? Round the answer to at least four decimal places. B) What is the probability that the sample mean tax is between...
According to a research​ institution, the average hotel price in a certain year was ​$98.23. Assume...
According to a research​ institution, the average hotel price in a certain year was ​$98.23. Assume the population standard deviation is ​$24.00 and that a random sample of 30 hotels was selected. Complete parts a through d below. a. Calculate the standard error of the mean. sσx equals =​ ​(Round to two decimal places as​ needed.) b. What is the probability that the sample mean will be less than ​$101​? P(x with - on top<$101) = ​(Round to four decimal...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT