2. Income Tax Return Preparation Fees. The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as the population mean and assume the...

Plz answer all the parts in 30 mints plz2. Income Tax Return Preparation Fees. The CPA Practice Advisor reports that the mean<br>preparation fee for 2017 federal income tax returns was $273. Use this price as the<br>population mean and assume the population standard deviation of preparation fees is<br>$100.<br>a. What is the probability that the mean price for a sample of 30 federal income tax<br>retums is within $16 of the population mean?<br>b. What is the probability that the mean price for a sample of 50 federal income tax<br>retums is within $16 of the population mean?<br>c. What is the probability that the mean price for a sample of 100 federal income tax<br>retums is within $16 of the population mean?<br>d. Which, if any, of the sample sizes in parts (a). (b), and (e) would you recommend<br>to ensure at least a .95 probability that the sample mean is within $16 of the<br>population mean?<br>

Extracted text: 2. Income Tax Return Preparation Fees. The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as the population mean and assume the population standard deviation of preparation fees is $100. a. What is the probability that the mean price for a sample of 30 federal income tax retums is within $16 of the population mean? b. What is the probability that the mean price for a sample of 50 federal income tax retums is within $16 of the population mean? c. What is the probability that the mean price for a sample of 100 federal income tax retums is within $16 of the population mean? d. Which, if any, of the sample sizes in parts (a). (b), and (e) would you recommend to ensure at least a .95 probability that the sample mean is within $16 of the population mean?

Jun 08, 2022
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