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According to the Internal Revenue Service, the mean tax refund for the year 2007 was $2,708. Assume the standard deviation is $650 and that the amounts refunded follow a normal probability distribution

  1. What range of values would account for virtually all (99.73%) of the tax refunds?
  2. What percent of the refunds are more than $3,000
  3. What percent of the refunds are more than $3,000 but less than $3,500?
  4. What percent of the refunds are more than $2,500 but less than $ 3,500?
  5. What percent of the refunds are less than $ 3,000?
  6. What amount of tax refund will account for 90 percent of the returns?
  7. the returns?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91004675

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