Bones Brothers & Associates Prepare Individual Tax Returns

question 67

Multiple Choice

Bones Brothers & Associates prepare individual tax returns. Over prior years,Bones Brothers has maintained careful records regarding the time to prepare a return. The mean time to prepare a return is 90 minutes,and the population standard deviation of this distribution is 14 minutes. Suppose 100 returns from this year are selected and analyzed regarding the preparation time. What is the probability that the mean time for the sample of 100 returns for this year is greater than 92?

• A)Approximately 0
• B)0.0832
• C)0.4168
• D)0.0764

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Definitions:

Dielectric

An insulating material that can be polarized by an electric field, enhancing the capacitor's ability to store an electric charge.

Mica

A mineral used as an electric insulator.

Northwest Ordinance

An act passed by the Confederation Congress in 1787 that established a government for the Northwest Territory and outlined the process for admitting new states to the Union, prohibiting slavery in the territory.

Old Northwest

A historical term referring to the territory that became the states of Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota; it was an important region for expansion and settlement in early U.S. history.