An Accounting Firm Is Planning for the Next Tax Preparation

question 97

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 assumptions do you need to make about the shape of the population distribution of all possible tax preparation times to make inferences about the average 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.

---

Definitions:

Guilty

A legal status of a person or entity that has been found to have committed an offense or crime as charged.

Standard of Proof

The level of evidence required to prove a legal assertion or allegation in court.

Preponderance of Evidence

The standard of proof commonly used in civil lawsuits, requiring that more than 50% of the evidence must support the plaintiff's claims to win the case.

Beyond Reasonable Doubt

The standard of evidence required to validate a criminal conviction in most courts in the United States.