Exercise 3-61 (Algo) (LO3-6)The IRS was interested in the number of individual tax forms prepared by small accounting firms. The IRS randomly sampled 40 publicaccounting firms with 10 or fewer employees in the Dallas-Fort Worth area. The following frequency table reports the results of thestudy.Number of Clients12 up to 1818 up to 2424 up to 3030 up to 3636 up to 42Frequency5911123Estimate the mean and the standard deviation. (Round squared deviations to nearest whole number and final answers to 2 decimalplaces.)MeanStandard deviationAnswer is complete but not entirely correct.48.759.84 X

Here the given information is The IRS was interested in the number of individual tax forms prepared…

Answered: Exercise 3-61 (Algo) (LO3-6) The IRS…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose the National Transportation Safety Board (NTSB) wants to examine the safety of compact cars, midsize cars, and full-size cars. It collects a sample of cars each of the cars types. The data below displays the frontal crash test performance percentages. Test whether there are statistical differences in the frontal crash test performance for each type of car. Car Sizes Compact Cars Midsize Cars Full-Size Cars 95 95 93 98 98 97 87 98 92 99 89 92 99 94 84 94 88 87 99 93 88 98 99 89 What conclusions can we draw from the follow-up t-tests? There is/are a total of ______ statistically significant difference(s) between car type pairs out of the follow-up t-tests. Options: a) 1 b) 2 c) 3 d) 4 e) 5 f) 6
A sample survey by Comcast asked a random sample of customers about use of the Internet and about the type of community they lived in. Here are the results: Internet Users: Rural: 433 Suburban: 1072 Urban: 536 Nonusers: Rural: 463 Suburban: 627 Urban: 388 Is there a relationship between Internet use and community type? Give statistical evidence to support your findings.
Income Tax and the IRS. In 2010, the Internal Revenue Service (IRS) sampled 308,946 tax returns to obtain estimates of various parameters. Data were published in Statistics of Income, Individual Income Tax Returns. According to that document, the mean income tax per return for the returns sampled was $11,266. a. Explain the meaning of sampling error in this context.b. If, in reality, the population mean income tax per return in 2010 was $11,354, how much sampling error was made in estimating that parameter by the sample mean of $11,266?c. If the IRS had sampled 400,000 returns instead of 308,946, would the sampling error necessarily have been smaller? Explain your answer.d. In future surveys, how can the IRS increase the likelihood of small sampling error?
In a sample of employees at a company here were the number of days they were out (sick/personal/vacation days) last year: 1, 6, 19, 35, 5, 9, 8, 12, 2, 15, 7, 7, 11, 15, 0, 25, 20, 15, 19, 5 Using Minitab, find the following sample statistics (take a screenshot of your output from Minitab and paste it here): Mean = median = Standard deviation =IQR=
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Suppose the mean price for used cars is $10,198. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the file named UsedCars. 12,400 10,400 12,100 10,000 11,000 8,895 7,675 9,975 6,350 10,470 9,895 11,250 8,795 12,500 9,340 10,150 9,200 9,395 11,000 10,640 10,000 7,500 8,000 10,440 10,200 10,300 9,740 9,280 10,930 8,000 9,000 7,680 9,400 10,730 7,350 12,240 11,970 8,240 9,910 10,080 9,440 8,970 9,500 10,050 10,130 11,400 8,500 7,500 9,090 10,500 (a) Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership. H0: ? ≤ 10,198 Ha: ? > 10,198 H0: ? < 10,198 Ha: ? ≥ 10,198 H0: ? = 10,198 Ha: ? ≠ 10,198 H0: ? > 10,198 Ha: ? ≤ 10,198 H0: ? ≥ 10,198…
Bank of America's Consumer Spending Survey collected data on annual credit card charges in seven different categories of expenditures: transportation, groceries, dining out, household expenses, home furnishings, apparel, and entertainment. Using data from a sample of 42 credit card accounts, assume that each account was used to identify the annual credit card charges for groceries (population 1) and the annual credit card charges for dining out (population 2) Using the difference data, the sample mean difference was d = $850, and the sample standard deviation was så = $1,123. a. Formulate the null and alternative hypotheses to test for no difference between the population mean credit card charges for groceries and the population mean credit card charges for dining out. Ho : μα ♦ Select your answer - Ha d + - Select your answer - b. Use a = = 0.05 level of significance. Can you conclude that the population means differ? - Select your answer - ◆ What is the p-value? (to 6 decimals) c.…
In a study of computer use, 1000 randomly selected Canadian Internet users were asked how much time they spend using the Internet in a typical week. The mean of the sample observations was 12.6 hours.
As a Stock Analyst you compare the performance (measured as average increase in price from 20 may 2020 to 27 may 2020) of two sectors in the American stock exchange. You randomly choose 29 stocks from the finance sector and 29 stocks from the infrastructure and utility sector. This is an example of two dependent samples. INSTRUCTIONS TRUE or FALSE ?
Hospitals In a study of births in New York State, data were collected from four hospitals coded as follows: (1) Albany Medical Center; (1438) Bellevue Hospital Center; (66) Olean General Hospital; (413) Strong Memorial Hospital. Does it make sense to calculate the average (mean) of the numbers 1, 1438, 66, and 413?

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