While reviewing the sample of audit fees, a senior accountant for the firm notes that the fee charged by the firm's accountants depends on the complexity of the return. A comparison of actual charges therefore might not provide the information needed to set next year's fees. To better understand the fee structure, the senior accountant requests a new sample that measures the time the accountants spent on the audit. Last year, the average hours charged per client audit was 3.27 hours. A new sample of 15 audit times shows the following times in hours. Complete parts a and b below. 2.9 3.8 4.3 3.9 4.2 4.7 3.7 3.3 2.5 3.6 4.5 4.2 4.7 3.1 3.3 a) Assume the conditions necessary for inference are met. Find a 90% confidence interval for the mean audit time. The 90% confidence interval to estimate the mean audit time is from (Round to two decimal places as needed.)

While reviewing the sample of audit fees, a senior accountant for the firm notes that the fee charged by the firm's accountants depends on the complexity of the return. A comparison of actual charges therefore might not provide the information needed to set next year's fees. To better understand the fee structure, the senior accountant requests a new sample that measures the time the accountants spent on the audit. Last year, the average hours charged per client audit was 3.27 hours. A new sample of 15 audit times shows the following times in hours. Complete parts a and b below. 2.9 3.8 4.3 3.9 4.2 4.7 3.7 3.3 2.5 3.6 4.5 4.2 4.7 3.1 3.3 a) Assume the conditions necessary for inference are met. Find a 90% confidence interval for the mean audit time. The 90% confidence interval to estimate the mean audit time is from (Round to two decimal places as needed.)

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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