Bloomberg Research Corporation conducted a random survey on tax preparation methods. Data was collected from 17,400 adults (aged 18 and older). The survey results showed that 4,350 of those surveyed planned to file their taxes electronically. 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 58% 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? d) Does this survey involve cross-sectional or time series data?
Bloomberg Research Corporation conducted a random survey on tax preparation methods. Data was
collected from 17,400 adults (aged 18 and older). The survey results showed that 4,350 of those surveyed
planned to file their taxes electronically.
a) Develop a
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 58% 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?
d) Does this survey involve cross-sectional or time series data?
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