1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phantasy [73]
3 years ago
7

The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as t

he population mean and assume the population standard deviation of preparation fees is $100. Use z-table.
a. What is the probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean?
Business
1 answer:
larisa [96]3 years ago
6 0

Answer:

The CPA Practice Advisor

The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:

= 56%

Explanation:

a) Data and Calculations:

Population mean (preparation fee for 2017 federal income tax returns) = $273

Population standard deviation of preparation fees = $100

Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)

z = (x-μ)/σ

z = standard score

x = observed value

μ = mean of the sample

σ = standard deviation of the sample

Z = ($273 - $257)/$100

= 0.16

Using the z-table

P = 0.5636

You might be interested in
Over the last century, U.S. real GDP per person grew at a rate of about...
Law Incorporation [45]
I think it is c I’m not sure
3 0
3 years ago
If a congressional leader passes a bill favorable to a particular pharmaceutical firm, then resigns to take a consultant positio
umka21 [38]

The answer to this question is that it is an example of regulatory capture.

<span>Regulatory capture is a situation where in the interest of the business or firm is being prioritized by the firm in order for them to advance and succeed. There are two types of regulatory capture; a materialistic capture and non-materialistic capture.</span>

5 0
3 years ago
Is 6 ft greater than 72 inches
Rudik [331]
No, 6ft=72in. There the same.
3 0
3 years ago
Read 2 more answers
Mike and David signed a loan agreement together to borrow money for a boat. If David leaves town and cannot be found, what happe
iren [92.7K]
<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
4 0
3 years ago
Read 2 more answers
Jeff brooks has recently moved into an apartment and has discovered that the previous tenant forgot to turn off the cable tv ser
SashulF [63]
<span>Economists would describe Jeff as a user of a public good. Jeff would be considered this because he is consuming something, but this consumption does not reduce the availability of the thing being consumed for others. Jeff is using the cable service, but this does not prevent anyone else from receiving and watching a cable service.</span>
4 0
3 years ago
Other questions:
  • Based on the concept of service blueprinting, what is the "line of visibility?" select one:
    14·1 answer
  • 4. Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or w
    12·1 answer
  • Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The
    12·1 answer
  • Theory applies to the situation in which owners of a corporation have so mingled their own affairs with those of the corporation
    13·2 answers
  • Katelyn, a millennial, is conducting her job search. She wants to work for a company that cares not only about its people, but a
    15·1 answer
  • An investor who purchases stock in a closely held corporation with a small number of outstanding shares should be MOST concerned
    15·1 answer
  • What are the various forms of business organization? What are the advantages and disadvantages of each?
    11·1 answer
  • Why it’s difficult to find job?
    13·1 answer
  • Most economists say a little inflation is healthy for an economy.
    14·1 answer
  • What part of the cover letter explains how the applicant’s qualifications meet the needs of the company?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!