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(A) Find the Mean and Standard Deviation of the Sampling

question 2

Essay

(A) Find the mean and standard deviation of the sampling distribution of the average weekly earnings in the sample.
(B) Find probability that the mean of the sample is less than $445.
(C) Find the probability that the mean of the sample is between $445 and $455.
(D) Find the probability that the mean of the sample is greater than $460.
(E) Explain why the assumption of normality about the distribution of the average weekly earnings for employees was not involved in the answers to (A) through (D).


Definitions:

Tax

a financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund public expenditures.

Tax Avoidance

The legal practice of arranging one's financial affairs to minimize tax liability within the law.

Tax Evasion

The illegal practice of not paying taxes by individuals or corporations through various methods, including underreporting income.

Legal

Pertains to the system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.

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