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 public accounting firms with 10 or fewer employees in the Dallas-Fort Worth area. The following frequency table reports the results of the study. Number of Clients 12 up to 18 18 up to 24 24 up to 30 30 up to 36 36 up to 42 Frequency 5 9 11 12 3 Estimate the mean and the standard deviation. (Round squared deviations to nearest whole number and final answers to 2 decimal places.) Mean Standard deviation Answer is complete but not entirely correct. 48.75 X 9.84 X

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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 public
accounting firms with 10 or fewer employees in the Dallas-Fort Worth area. The following frequency table reports the results of the
study.
Number of Clients
12 up to 18
18 up to 24
24 up to 30
30 up to 36
36 up to 42
Frequency
5
9
11
12
3
Estimate the mean and the standard deviation. (Round squared deviations to nearest whole number and final answers to 2 decimal
places.)
Mean
Standard deviation
Answer is complete but not entirely correct.
48.75
9.84 X
Transcribed Image Text: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 public accounting firms with 10 or fewer employees in the Dallas-Fort Worth area. The following frequency table reports the results of the study. Number of Clients 12 up to 18 18 up to 24 24 up to 30 30 up to 36 36 up to 42 Frequency 5 9 11 12 3 Estimate the mean and the standard deviation. (Round squared deviations to nearest whole number and final answers to 2 decimal places.) Mean Standard deviation Answer is complete but not entirely correct. 48.75 9.84 X
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