Find standard error of mean for preparation time

Assignment Help Basic Statistics
Reference no: EM13156929

An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings. The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes. What is the standard error of the mean?

a.14 minutes
b. 140 minutes
c. 1.4 minutes
d. 90 minutes

Reference no: EM13156929

Questions Cloud

Find decision for late evening news on local cbs station : In a survey of 100 viewers, 36% indicated that they watch the late evening news on this local CBS station. What is your decision if α = 0.01?
Total costs assigned to the inventory : Charley Company's Assembly Department has materials cost at $3 per unit and conversion cost at $6 per unit. There are 9,000 units in ending work in process, all of which are 70% complete as to conversion costs. How much are total costs to be assig..
How many grans of nano3 remain : A solution containing 50.0 g NaNO3 in 75.0 g of H20 at 50°C is cooled to 20°. How many grans of NaNO3 remain at 20°.
Amount of dollar sales when contribution margin ratio given : Ivan Company has a goal of earning $70,000 after-tax income. Ivan would need to pay $20,000 of income taxes at the target level of income. The contribution margin ratio is 30%. What amount of dollar sales must be achieved to reach the goal if fixe..
Find standard error of mean for preparation time : The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes. What is the standard error of the mean?
How many milliliters of a 0.56 m hcl solution do you need : How many milliliters of a 0.56 M HCl solution do you need to obtain 0.0046 mol of HCl?
How much heat was absorbed : In a calorimeter, 10.0 g of ice melts at 0oC. The enthalpy of fusion of the ice is 334 J/g. How much heat was absorbed?
Advertising campaign cost in total : This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equally over each month how much did this advertising campaign cost in total?
How many ml of a 0.8 m naoh(aq) solution are required : How many mL of a 0.8 M NaOH(aq) solution are required to make 500 mL of a solution with pH=12.50?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Test whether distribution of sales has changed

30 in Canada, and 6 in the United State. At level of significance 0.05, test whether the distribution of sales has changed from last year.

  Meaning of confidence intervals

a) 95% of confidence intervals generated will include the sample mean X. b) 5% of the confidence intervals generated will include the true mean μ

  Interpreting the p-value

In 280 trials with a professional touch therapist, correct responses to a question were obtained 1223 times. The P-value of 0.979 is obtained when testing the claim that p > 0.5 (the proportion of correct responses is greater than the proportion o..

  Explain is there enough evidence to reject the claim

Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use α = 0.01. Clearly mark each of the five steps in hypothesis testing.

  Comparing outcomes of two datasets

You obtain the data shown below for 30 girls with anorexia who were treated with psychodynamic therapy. Using the data below and the data above compare the outcomes for CBT and psychodynamic therapy.

  Find probability the doors were left open

Bbut only 1 percent of those closed will have something stolen. If a garage is robbed, what is the probability the doors were left open?

  Probability that firm will have income after taxes

A study of 200 commercial firms revealed the data below. What is the probability that a particular firm will have 1 million or more in income after taxes?

  Scores on a scholastic aptitude test

Scores on a scholastic aptitude test are normally distributed with standard deviation σ=100 points. A group of 25 inner city high school students takes the test; their mean scores is x-bar = 440 points.

  Type errors in decision-making process

Give an example of a null and alternative hypotheses. This can be a personal item or something at work. Additionally, identify the Type I and Type II Errors that could occur with your decision-making process.

  Level of satisfaction with service

At the 5% level of significance, can we infer that the difference in the level of satisfaction with service between the two branches is wider than 5 p.c. points?

  Probability of pipework failures due to operator errors

What is the probability that at least 8 of the next 15 errors are due to operator errors? What is the probability that no more than 3/10 failures are due to operators?

  What inferential statistics is and why to use it

Be certain to mention what inferential statistics is and why we use it, what is random sampling, which is statistical significance and why we test it.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd