Bones Brothers & Associates Prepare Individual Tax Returns

question 44

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 assumptions do you need to make about the shape of the population distribution of all possible tax preparation times to make inferences about the mean time to complete a tax form?

• A)The population distribution is skewed to the right.
• B)The population distribution is skewed to the left.
• C)The population distribution is normal.
• D)The shape of the population distribution does not matter.

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Definitions:

Exercise Discretion

The ability or power to decide or act according to one's own judgment; often in professional situations requiring sensitivity or confidentiality.

Collateral Contacts

Additional people or entities involved in a client's life or case, contacted to gather more comprehensive information.

Family Members

Individuals connected by blood, marriage, or adoption who typically share a living space and life experiences.

Anonymously

Acting or done without revealing one's identity, often to maintain privacy or avoid recognition.