Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for the year 2010,33% of taxpayers with adjusted g

For the year 2010,33% of taxpayers with adjusted gross incomes between $30,000 and $60,000 itemized...

70.2K

Verified Solution

Question

Accounting

image
For the year 2010,33% 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 that the standard deviation is =$2,380. If required, round your answer to two decimal places. (a) What are the sampling errors of x for itemized deductions for this population of taxpayers for each of the following sample sizes: 30 , 50,100 , and 400 ? E(x)=$ (b) What is the advantage of a larger sample size When attemptino to estimate the population mean? A larger sample the standard error and results in a(n) precise estimate of the population mean

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students