An Accounting Firm Is Planning for the Next Tax Preparation

question 101

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 the mean completion time will be more than 120 minutes?

• A) Approximately zero
• B) 0.0832
• C) 0.4168
• D) 0.0162

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Definitions:

Toddler

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A pattern of emotional pain and distress that can recur over time, often in response to ongoing loss or a significant life event.

Passively Accepts

Refers to the act of receiving or submitting to something without active response or resistance.