What is the probability that the mean time for the sample

Assignment Help Accounting Basics
Reference no: EM133073933

Question - 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 160 returns from this year are selected and analyzed regarding the preparation time. What is the probability that the mean time for the sample of 160 returns is between 88 minutes and 92 minutes?

Reference no: EM133073933

Questions Cloud

MGT600 Management, People and Teams Assignment : MGT600 Management, People and Teams Assignment Help and Solution, Torrens University Australia - Assessment Writing Service
Identify the arbitrage opportunity open to a trader : A European call option and put option on a stock both have a strike price of $25 and an expiration date in four months. Both sell for $4. The risk-free interest
Determine the free cash flow : Answer the following questions. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both
Proposal to raise funds via a rights issue : On 18 December 2019, Japfa Limited, an industrial agri-food company listed on the Singapore Exchange (SGX) announced a proposal to raise funds via a rights issu
What is the probability that the mean time for the sample : What is the probability that the mean time for the sample of 160 returns is between 88 minutes and 92 minutes
Australian industry portfolios from january : The spreadsheet Group Report Data.xlsx contains monthly returns on eleven Australian industry portfolios from January 2016 to February 2021.
What is the carrying amount of the bonds : Market rate (Yield) for Rembrandt at investment date January 1, 2019 was 9.33%. What is the carrying amount of the bonds
List the keystrokes used to solve the problem : List the keystrokes used to solve the problem with financial calculator:
Determine the expected return and standard deviation : Assume that the CAPM holds, the expected return on the market portfolio is 12%, the standard deviation of return on the market portfolio is 18% and all investor

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd