In 2000,the Average Charge of Tax Preparation Was $95

question 18

Short Answer

In 2000,the average charge of tax preparation was $95.Assuming a normal distribution and a standard deviation of $10,use the approximate areas beneath the normal curve,as discussed in this section,to answer: What proportion of tax preparation fees were between $85 and $105?

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Definitions:

Reduction In Risk

A decrease in the probability or impact of negative outcomes, often sought through insurance, safety measures, or other precautions.

General Motors

An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Diverse Portfolio

An investment strategy whereby an individual holds a variety of different investments to reduce risk through diversification.

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A public market for buying and selling company stock and derivatives at an agreed price.