According to the IRS, the average refund in the 2011 tax year was $3,109. Assuming that the standard deviation for these refunds was $874, what is the standard error of the sample mean for a random sample of 50 tax returns? Group of answer choices A. $74.66 B. $100.56 C. $123.60 D. $152.25
According to the IRS, the average refund in the 2011 tax year was $3,109. Assuming that the standard deviation for these refunds was $874, what is the standard error of the sample mean for a random sample of 50 tax returns? Group of answer choices A. $74.66 B. $100.56 C. $123.60 D. $152.25
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
Related questions
Question
According to the IRS, the average refund in the 2011 tax year was $3,109. Assuming that the standard deviation for these refunds was $874, what is the standard error of the sample mean for a random sample of 50 tax returns?
Group of answer choices
A. $74.66
B. $100.56
C. $123.60
D. $152.25
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