Question

According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, l...

According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, learn, prepare, copy, assemble, and send) IRS Form 1040 is 10.18 hours (without any attached schedules). The distribution is unknown. Let us assume that the standard deviation is two hours. Suppose we randomly sample 36 taxpayers. Part (a) In words, define the random variable X. the number of taxpayers sampled the length of time, in minutes, for an individual to complete IRS Form 1040 the number of individuals who complete IRS Form 1040 the length of time, in hours, for an individual to complete IRS Form 1040 Part (b) In words, define the random variable X. the average length of time, in hours, for a sample of 100 taxpayers to complete IRS Form 1040 the average income of a random sample of taxpayers the average length of time, in hours, for a sample of 36 taxpayers to complete IRS Form 1040 the average length of time, in minutes, for a sample of 36 taxpayers to complete IRS Form 1040 Part (c) Give the distribution of X. (Round your answers to two decimal places.) X ~ , Part (d) Find the probability that the 36 taxpayers took an average of more than 12 hours to finish their Form 1040s. (Round your answer to four decimal places.) Part (e) Would you be surprised if the 36 taxpayers finished their Form 1040s in an average of more than 12 hours? Explain why or why not in a complete sentence. No, because the probability is very close to 1. Yes, because the probability is very close to 0.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

a) The length of time, in hours, for an individual to complete IRS Form 1040.

b) in minutes, for a sample of 36 taxpayers to complete IRS Form 1040 the average length of time.

c) \mu_{\bar x} = 10.18

  \sigma_{\bar x} = \sigma/\sqrt n

= 2/\sqrt {36}

= 0.33

\bar x ~ N(10.18, 0.33)

d) P(\bar x > 12)

= P((\bar x - \mu )/(\sigma/\sqrt n) > (12 -  \mu)/(\sigma/\sqrt n))

= P(Z > (12 - 10.18)/0.33)

= P(Z > 5.52)

= 1 - P(Z < 5.52)

= 1 - 1 = 0

e) Yes, because the probability is very close to 0.

Add a comment
Know the answer?
Add Answer to:
According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, l...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • According to the Internal Revenue Service, the average length of time for an individual to complete...

    According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, learn, prepare, copy, assemble, and send) IRS Form 1040 is 10.26 hours (without any attached schedules). The distribution is unknown. Let us assume that the standard deviation is two hours. Suppose we randomly sample 36 taxpayers. 1. Give the distribution of X. (Round your answers to two decimal places.) X ~ N(10.26, ___?___) 2. Find the probability that the 36 taxpayers...

  • The IRS would like to find out the average time it takes a taxpayer to complete...

    The IRS would like to find out the average time it takes a taxpayer to complete a 1040 Individual Tax Return. The IRS has taken a sample of 25 taxpayers and found top enclose X = 16.3 hours with s = 11.2. The values of the 95% confident interval are (report answers rounded to two decimal places): Lower Limit Upper Limit

  • show steps, thanks The length of time that an individual talks on a long-distance telephone call...

    show steps, thanks The length of time that an individual talks on a long-distance telephone call has been found to be of a random nature. Let X be the length of the talk; assume it to be a continuous random variable with probability density function given by f(x)- 0, elsewhere Find (a) The value of a that makes f(x a probability density function. (b) The probability that this individual will talk (i) between 8 and 12 minutes, (i) less than...

  • Suppose the average length of time to finish a homework problem is 50 minutes. If a...

    Suppose the average length of time to finish a homework problem is 50 minutes. If a random sample of 9 students' times has standard deviation 6, what is the approximate probability the average time of the sampled students to complete the homework will be more than 53.7 minutes?

  • IV. Continuous Distribution: Normal Normal 1. The average time to complete a final exam in a...

    IV. Continuous Distribution: Normal Normal 1. The average time to complete a final exam in a given course is normally distributed. With average of 80 min, and standard deviation of 8 minutes. For a certain student taken at random: to. What is the probability of finishing the exam in an hour or less? b. What is the probability of finishing the exam between 60 min and 70 min? Exponential 2. The time to fail in hours of a laser beam...

  • Need help on all parts please and thank you! 19. (0/3.33 Points] DETAILS PREVIOUS ANSWERS ILLOWSKYINTROSTAT1...

    Need help on all parts please and thank you! 19. (0/3.33 Points] DETAILS PREVIOUS ANSWERS ILLOWSKYINTROSTAT1 7.HW.076. The attention span of a two-year-old is exponentially distributed with a mean of about 9 minutes. Suppose we randomly survey 60 two-year-olds. Parta) In words, define the random variable X. the attention span, in minutes, of all children O the attention span, in minutes, of a two-year-old child O the ages of the children with short attention spans O the number of two-year-old...

  • Responses to essay questions should be given in complete sentences, using proper grammar and punctuation. A...

    Responses to essay questions should be given in complete sentences, using proper grammar and punctuation. A note about probability statement notation: <: less than >: greater than <=: less than or equal to >=: greater than or equal to The most famous geyser in the world, Old faithful in Yellowstone national park, has a mean time between eruptions of 85 minutes. Assume the interval of time between eruptions is normally distributed with a standard deviation of 21.25 minutes. Define the...

  • A leading magazine (like Barron's) reported at one time that the average number of weeks an...

    A leading magazine (like Barron's) reported at one time that the average number of weeks an individual is unemployed is 25 weeks. Assume that for the population of all unemployed individuals the population mean length of unemployment is 25 weeks and that the population standard deviation is 2 weeks. Suppose you would like to select a random sample of 36 unemployed individuals for a follow-up study. Find the probability that a single randomly selected value is less than 24. P(X...

  • 1. The time in minutes of labor required to complete a job at a bike shop is distributed according to a log-normal distribution with parameter values μ-3.8 and σ2-0.5 (these are not the same as t...

    1. The time in minutes of labor required to complete a job at a bike shop is distributed according to a log-normal distribution with parameter values μ-3.8 and σ2-0.5 (these are not the same as the mean and variance of this random variable, see formulas). Assume that the times, X, required for the next 35 jobs are also independent so that X, LN(3.8,0.5) for j-1,.,35 is an lid collection of random variables. (a) Calculate the probability that the average number...

  • A manufacturer produces 25-pound lifting weights. The lowest actual weight is 24 pounds, and the highest...

    A manufacturer produces 25-pound lifting weights. The lowest actual weight is 24 pounds, and the highest is 26 pounds. Each weight is equally likely so the distribution of weights is uniform. A sample of 100 weights is taken. a. What is the distribution for the weights of one 25-pound lifting weight? What is the mean and standard deviation? b. What is the distribution for the mean weight of 100 25-pound lifting weights? c. Find the probability that the mean actual...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT