A random telephone survey of 1,061 adults (aged 18 and older) was conducted by an online tax preparation and e-filing service. The survey results showed that 654 of those surveyed planned to file their taxes electronically. (Round your answers to the nearest whole number.)(a) Develop a descriptive statistic that can be used to estimate the percentage of all taxpayers who file electronically.%(b) The survey reported that the most frequently used method for preparing the tax return is to hire an accountant or professional tax preparer. If 60% of the people surveyed had their tax return prepared this way, how many people used an accountant or professional tax preparer?(c) Other methods that the person filing the return often used include manual preparation, use of an online tax service, and use of a software tax program. Would the data for the method for preparing the tax return be considered categorical or quantitative?O categoricalO quantitative

Each variable can be categorized into two types. They are:Quantitative QualitativeQuantitative…

Answered: A random telephone survey of 1,061…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Bloomberg Research Corporation conducted a random survey on tax preparation methods. Data wascollected from 17,400 adults (aged 18 and older). The survey results showed that 4,350 of those surveyedplanned to file their taxes electronically. a) Develop a descriptive statistic that can be used to estimate the percentage of all taxpayerswho file electronically. b) The survey reported that the most frequently used method for preparing the tax return is tohire an accountant or professional tax preparer. If 58% of the people surveyed had their tax returnprepared this way, how many people used an accountant or professional tax preparer? c) Other methods that the person filing the return often used include manual preparation, use ofan online tax service, and use of a software tax program. Would the data for the method for preparingthe tax return be considered categorical or quantitative? d) Does this survey involve cross-sectional or time series data?
In June, an investor purchased 3000 shares of Oracle (an information technology company) stock at $53 per share. in august, she purchased an additional 400 shares at $42 per share. In November, she purchased an additional 400 shares at $45. What is the weighted mean price per share?
What is regresstion in business statistics?
An organization advocating for tax simplification has proposed the implementation of an alternative flat tax system to replace the existing Federal income tax. Featuring a very simple two-line tax form – How much money did you make? Send it In an attempt to identify the partisan nature of support for their proposal, the tax reformers have conducted a simple survey. They collected random samples of n1 = 120 Republican voters and n2 = 80 Democrat voters, polled the sampled respondents and noted for each group the number of voters who favor the flat tax proposal. The results of the survey are summarized in the table below. Political Affiliation Favor (X) Total (n) Proportion (X/n) Republican 90 120 p-hat1 = 90/120 = 0.75 Democrat 50 80 p-hat2 = 50/80 = 0.625 Total 140 200 p-hat = 140/200 = 0.700 c. The bottom-line issue, with respect to Democratic support for the flat tax, is whether or not Democrats, as a group, favor the flat tax. Do the…
As chairperson of the Rogers County Task Force on Aging, you wish to estimate the proportion of senior citizens in the region who would use a mobile medical check-up program if such a service was implemented. A random sample of 44 senior citizens was polled and it was found that 22 would use such a service. a. Let p represent the proportion of all senior citizens in the region who would utilize the mobile medical check-up program. Find a point estimate for p. (Round result to 3 decimal places.) b. Find a 95% confidence interval for p. (Round results to 3 decimal places.) ? ♥ < c. The Rogers County Director tasks you with doing a larger study, to develop a more precise estimate. The director would like an estimate for the proportion of retired people who would use the mobile medical check-up program that is within 5% of the population percentage, with 95% confidence. Using the original study (described above) as a preliminary estimate for the population proportion p, what is the minimum…
Professional athletes are threatening to strike because they claim that they are underpaid. The team owners have released a statement that says, “The average salary for players was $1.2 million last year.” The players counter with their own statement that says, in part, “The average players earned only $750,000 last year.” Is either side necessarily lying? Hearing this on the news, what questions would you ask about these statistics?
You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a random sample of recent sales to estimate what the actual auction price will be. Loan ($) Payments ($) Payments Made Auction ($) 85600 985.87 1 16900 115300 902.56 33 75800 103100 736.28 6 43900 84600 945.45 9 16600 97600 821.07 24 40700 104400 983.27 26 63100 113800 1075.54 19 72600 116400 1087.16 35 72300 100000 900.01 33 58100 92800 683.11 36 37100 105200 915.24 34 52600 105900 905.67 38 51900 94700 810.7 25 43200 105600 891.33 20 52600 104100 864.38 7 42700 85700 1074.73 30 22200 113600 871.61 24 77000 119400 1021.23 58 69000 90600 836.46 3 35600 104500 1056.37 22 63000 GIVEN - ALL CORRECT: Auction price =(118,929.46)+1.63 Loan +2.06 Monthly payment +50.34 Payments Made.…
The North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signed by the United States, Canada and Mexico. This trade agreement has been controversial since its inception and Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 448 out of 973 randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the United States. a. Find the point estimate for the proportion of Americans who believe that NAFTA was bad for the United States. Round your answer to 4 decimal places. b. Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places. c. Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA was bad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3 decimal places. d. Can you conclude that more than half of Americans believe that NAFTA was bad for the United States? No, the…
A 2014 Pew Research Center Survey asked 2,002 adults about the intersection of politics and science. Of the survey participants, 1,281 responded "neither" when asked if they perceive scientists as politically liberal or conservative. What are the values of p′, "successes", or the estimated proportion of Americans who perceive scientists as neither politically liberal or conservative, and q′, the estimated proportion of Americans who perceive scientists as politically liberal or conservative? Answer in decimal form, rounding to the nearest hundredth.
Hi, How do I calcuate these missing values?
2. A random telephone survey of 1,051 adults (aged 18 and older) was conducted by an online tax preparation and e-filing service. The survey results showed that 654 of those surveyed planned to file their taxes electronically. (Round your answers to the nearest whole number.) (a) Develop a descriptive statistic that can be used to estimate the percentage of all taxpayers who file electronically. % (b) The survey reported that the most frequently used method for preparing the tax return is to hire an accountant or professional tax preparer. If 60% of the people surveyed had their tax return prepared this way, how many people used an accountant or professional tax preparer? (c) Other methods that the person filing the return often used include manual preparation, use of an online tax service, and use of a software tax program. Would the data for the method for preparing the tax return be considered categorical or quantitative? categorical
The president of Doerman Distributors, Inc., believes that 35% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the proportion of first-time customers.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS