MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th
8th Edition
ISBN: 9781337114288
Author: Anderson, David R.; Sweeney, Dennis J.; Williams, Thomas A.; Camm, Jeffrey D.; Cochran, James J.
Publisher: Cengage Learning
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Textbook Question
Chapter 5, Problem 65SE
The following table shows the percentage of individuals in each age group who use an online tax program to prepare their federal income tax return (CompleteTax website, November 9, 2012).
| Age | Online Tax Program (%) |
| 18–34 | 16 |
| 35–44 | 12 |
| 45–54 | 10 |
| 55–64 | 8 |
| 65 + | 2 |
Suppose a follow-up study consisting of personal interviews is to be conducted to determine the most important factors in selecting a method for filing taxes.
- a. How many 18–34-year-olds must be sampled to find an expected number of at least 25 who use an online tax program to prepare their federal income tax return?
- b. How many 35–44-year-olds must be sampled to find an expected number of at least 25 who use an online tax program to prepare their federal income tax return?
- c. How many 65+-year-olds must be sampled to find an expected number of at least 25 who use an online tax program to prepare their federal income tax return?
- d. If the number of 18–34-year-olds sampled is equal to the value identified in part (a), what is the standard deviation of the percentage who use an online tax program?
- e. If the number of 35–44-year-olds sampled is equal to the value identified in part (b), what is the standard deviation of the percentage who use an online tax program?
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Chapter 5 Solutions
MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th
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