Question: ssignment: Chapter 7 Assignment Assignment Score: 51.68% Save Submit Assignment for Grading estions Exercise 07.25 (Sampling Distribution of x) Question & of 10 Hint(s) Check

ssignment: Chapter 7 Assignment Assignment Score:
ssignment: Chapter 7 Assignment Assignment Score: 51.68% Save Submit Assignment for Grading estions Exercise 07.25 (Sampling Distribution of x) Question & of 10 Hint(s) Check My Work The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as the population mean and assume the population standard deviation of preparation fees is $100. Use z-table. Round your answers to four decimal places. a. What is the probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean? b. What is the probability that the mean price for a sample of 50 federal income tax returns is within $16 of the population mean? c. What is the probability that the mean price for a sample of 100 federal income tax returns is within $16 of the population mean? d. Which, if any, of the sample sizes in parts (a), (b), and (c) would you recommend to have at least a 0.95 probability that the sample mean is within $16 of the population mean? Sample of 100 federal income tax returns Hint(s) Check My Work O Icon Key

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