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

question 89

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 more than $115?

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to assess if a company's stock is under- or overvalued.

Note Payable

An obligation in writing that promises to pay a specified sum of money at a determined future date or on demand.

Capital Balances

The amount of money that owners have invested in a company plus any retained earnings or losses.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.