est submission for each question part is used for your score. 53/5.55 Points] DETAILS You may need to use the appropriat

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Est Submission For Each Question Part Is Used For Your Score 53 5 55 Points Details You May Need To Use The Appropriat 1 (32.67 KiB) Viewed 5 times

est submission for each question part is used for your score. 53/5.55 Points] DETAILS You may need to use the appropriate appendix table or technology to answer this question. The Wall Street Journal reports 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 $16,642. Assume the standard deviation is a = $2,400. PREVIOUS ANSWERS 6922 (a) What is the probability that a sample of taxpayers from this income group who have itemized deductions will show a sample mean within $200 of the population mean for each of the following sample sizes: 20, 60, 150, and 500? (Round your answers to four decimal places.) sample size n-20 2886 sample size - 60 sample size n150. sample size n 500 (b) What is the advantage of a larger sample size when attempting to estimate the population mean? A larger sample lowers the population standard deviation. A larger sample increases the probability that the sample mean will be a specified distance away from the population mean. MY NOTES A larger sample has a standard error that is closer to the population standard deviation. OA larger sample increases the probability that the sample mean will be within a specified distance of the population mean.