Mean preparation fee h&r block charged retail customers

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29. The mean preparation fee H&R Block charged retail customers last year was $183 mit Wall Street Journal, March 7, 2012). Use this price as the population mean and assume the bpopulation standard deviation of preparation fees is $50.

a. What is the probability that the mean price for a sample of 30 H&R Block retail customers is within $8 of the population mean?
b. What is the probability that the mean price for a sample of 50 H&R Block retail customers is within $8 of the population mean?
c. What is the probability that the mean price for a sample of 100 H&R Block retail customers is within $8 of the population mean?
d. Which, if any, of the sample sizes in parts (a), (b), and (c) would you recommend to have at least a .95 probability that the sample mean is within $8 of the population mead

51. A market research firm conducts telephone surveys with a 40% historical response rate. What is the probability that in a new sample of 400 telephone numbers, at least 150 individuals will cooperate and respond to the questions? In other words, what is the probability that the sample proportion will be at least 150/400 = .375?

52. Advertisers contract with Internet service providers and search engines to place ads or

Reference no: EM131089701

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