Determine Whether the Given Conditions Justify Using the Margin of Error

question 21

Multiple Choice

Determine whether the given conditions justify using the margin of error $\mathrm { E } = \mathrm { z } _ { \alpha / 2 } \sigma / \sqrt { \mathrm { n } }$ when finding a confidence interval estimate of the population mean $\mu$ .
-The sample size is $\mathrm { n } = 10$ and $\sigma$ is not known.

• A) No
• B) Yes

---

Definitions:

Constructively Received

Income considered received by the taxpayer once it is made available to them, not necessarily when actually in hand.

Income

Financial gains obtained regularly as a result of working or investing.

Imputed Interest Rules

IRS rules that assign a market-rate interest value to certain transactions where no interest or an unrealistic amount of interest is charged.

Personal Residence

A dwelling where an individual lives for the majority of the tax year, which can include a house, apartment, trailer, or boat.