An Accounting fiRm Is Planning for the Next Tax Preparation

question 40

Multiple Choice

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 probability that average preparation time is between 80 and 90 minutes?

• A) 0.7143
• B) 0.7625
• C) 0.2375
• D) 0.2625

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Definitions:

In-depth Interview

A qualitative research method that involves conducting intensive individual interviews with a small number of respondents to explore their perspectives on a particular idea, program, or situation.

Trained Moderator

is an individual skilled in leading group discussions or focus groups, ensuring that the conversation stays on topic and gathers useful insights from participants.

Primary Data

Data collected firsthand for a specific research purpose, through methods such as surveys, interviews, or experiments.

Syndicated Data

Data available for a fee from commercial research firms such as Information Resources Inc. (IRI), National Purchase Diary Panel, and Nielsen.