Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.According to the Internal Revenue Service, the average length of time for an individual to complete (record keep, learn, prepare, copy, assemble and send) IRS

1.According to the Internal Revenue Service, the average length of time for an individual to complete (record keep, learn, prepare, copy, assemble and send) IRS Form 1040 is 10.53 hours (without any attached schedules). The distribution is unknown. Let us assume that the standard deviation is 2 hours. Suppose we randomly sample 36 taxpayers and compute their average time to completing the forms. Then the probability that the average is more than 11 hours is approximately equal to (The answer may be rounded up to 3 decimal places of the actual value.)Answer_____

2.Suppose that a category of world class runners are known to run a marathon (26 miles) in an expectation of 145 minutes with a standard deviation of 14 minutes. Consider 49 of the races. In the next 3 questions you are asked to apply the Normal approximation to the distribution of the sample average using this information. The answer may be rounded up to 3 decimal places of the actual value:

a)The probability that the runner will average between 142 and 146 minutes in these 49 marathons is______

b)The 0.80-percentile for the average of these 49 marathons is________

c)The median of the average running time is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Mathematics questions