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Suppose that an accounting firm does a study to determine the time needed to complete one person's tax forms. It randomly surveys 200 people. The sample average is 23.7 hours. There is a known population standard deviation of 6.0 hours. The population dis

IDCOLLABSTAT2 8.HW.006.

Suppose that an accounting firm does a study to determine the time needed to complete one person's tax forms. It randomly surveys 200 people. The sample average is 23.7 hours. There is a known population standard deviation of 6.0 hours. The population distribution is assumed to be normal.

NOTE: If you are using a Student's t-distribution, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)

  • Part (a)

    (i)    

    x = 



    (ii)    

    ๐œŽ = 



    (iii)    

    ๐œŽ x = 

     (rounded to three decimal places)

    (iv)    

    n = 



    (v)    

    n โˆ’ 1 = 

  • Part (b)

  • Part (c)

    Which distribution should you use for this problem? (Round your answers to two decimal places.)

    X ~

      

      ,  



    Explain your choice.

        

  • Part (d)

    Construct a 90% confidence interval for the population average time to complete the tax forms.

    (i) State the confidence interval. (Round your answers to two decimal places.)

      ,  



    (ii) Sketch the graph.

    (iii) Calculate the error bound. (Round your answer to two decimal places.)


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