You are a lead certified public accountant (CPA) working for the American Institute of Certified Tax Planners, an organization that analyzes tax policy and planning across the US. Your boss, Penny Patrol, has sent you the following email: Lead CPA, As you know, we are interested in comparing the average number of hours worked by CPAS in states with flat income tax rates versus CPAS in the US as a whole. The average US CPA works 60 hours per week during tax season. The results from our survey indicate that out of our sample of 150 CPAS in flat tax rate states, the average is 55 hours per week during tax season. Based upon past studies, we are assuming a population standard deviation of 27.4. Do CPAS in states that have flat state income tax rates work fewer hours per week during tax season compared to the US average? Please use a 95% confidence level in your analysis. Also, since what we found will be written up
You are a lead certified public accountant (CPA) working for the American Institute of Certified Tax Planners, an organization that analyzes tax policy and planning across the US. Your boss, Penny Patrol, has sent you the following email: Lead CPA, As you know, we are interested in comparing the average number of hours worked by CPAS in states with flat income tax rates versus CPAS in the US as a whole. The average US CPA works 60 hours per week during tax season. The results from our survey indicate that out of our sample of 150 CPAS in flat tax rate states, the average is 55 hours per week during tax season. Based upon past studies, we are assuming a population standard deviation of 27.4. Do CPAS in states that have flat state income tax rates work fewer hours per week during tax season compared to the US average? Please use a 95% confidence level in your analysis. Also, since what we found will be written up
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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Indicate whether CPAs in states that have flat state income tax rates work fewer hours per week during tax season compared to the US average. You will want to formally set up H0 and Ha, report either the test statistic (z-value) or p-value, and explain why you either reject or fail to reject your null hypothesis.
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