the internal revenue service reports that the mean federal income tax paid in a year 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. d. Would it be unusual if the sample mean were less than $7500? e. Can you tell whether it would be unusual for an individual to pay a tax of less than $7500? Explain.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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the internal revenue service reports that the mean federal income tax paid in a year 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.

d. Would it be unusual if the sample mean were less than $7500?

e. Can you tell whether it would be unusual for an individual to pay a tax of less than $7500? Explain.

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