Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Probability based on normal distribution.

An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings. The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes.

1. What is the likelihood that the mean completion time will be more than 120 minutes?

2. What is the possibility that the mean completion time is between 1 and 2 hours, to be exact 60 and 120 minutes?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M919871

Have any Question? 


Related Questions in Statistics and Probability

1e model for a simple linear regression

1. Recall the model for a simple linear regression:  where  is Normally distributed with mean 0 and variance , where Cov( ) = 0 for all i, j and Cov(  = 0 for all i,j.A day trader wishes to develop a prediction model for ...

1 prove that every complete irreflexive and transitive

1. Prove that every complete, irreflexive, and transitive relation is asymmetric: if x ≠ y, then x > y if and only if y x. 2. Prove that the Gale-Shapley algorithm for finding a stable matching satisfies the following pr ...

Exercises -81- for each of the following pairs explain why

Exercises - 8.1- For each of the following pairs, explain why you believe that they are positively related, negatively related, or essentially unrelated. If they are related, identify the dependent variable. a. The cost ...

1 what does the error of estimation tell us about the

1. What does the error of estimation tell us about the results of a study conducted using probability sampling? 2. What happens to the error of estimation as one's sample size increases?

1 how did commerce at this stage of societal development

1. How did commerce at this stage of societal development influence the decisions/actions of governments? Some very specific results of these decisions influenced the circumstances we have today. Be sure to include addit ...

The initial research proposal will consist of the following

The initial research proposal will consist of the following SIX (6) items: 1. Identify a business research topic 2. Define the research questions for the identified problem or opportunity 3. Select the appropriate resear ...

Question 1 dr rasp just finished re-reading charles dickens

Question 1. Dr. Rasp just finished re-reading Charles Dickens' A Christmas Carol, a tragic novel in which a prosperous, hard-working businessman named Scrooge degenerates into a sentimental softie. This has prompted Dr. ...

Suppose that the matching problem is to match nm men to nw

Suppose that the matching problem is to match nm men to nw women, where nw (a) Describe in detail the generalization of the Gale-Shapley algorithm for this case. Prove that the algorithm terminates with a stable matching ...

1 compare and contrast the development of northern and

1) Compare and contrast the development of Northern and Southern Europe after the treaty of verdun (has to be a paragraph long, with 3 examples, and answer the following questions: when,who,where, why) 2) Discuss the Pro ...

These are pretty similarthe population standard deviation

These are pretty similar: The population standard deviation of the number of people who shop online is 3.1. If you want to be 99% confident that the sample mean is within 2% of the population mean, how many people must b ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen