THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 49

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
According to the Internal Revenue Service,80% of all tax returns lead to a refund.A random sample of 100 tax returns is taken.
-What is the mean of the sampling distribution of the sample proportion of returns leading to refunds?

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Definitions:

Goodwill

Represents the excess amount paid over the fair market value of the net assets during an acquisition, attributed to factors like brand reputation, customer relations, and intellectual property.

Acquisition Differential

The difference between the cost of acquiring a company and the fair value of its identifiable net assets at the time of acquisition, essentially another term for goodwill.

Trademarks

Symbols, names, phrases, or logos legally registered or established by use as representing a company or product.

Unrealized Inventory Profits

Profits that have been recorded on paper due to an increase in inventory value but have not been realized through sales.