Question: According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy, and electronically file a 1040 tax form. This

According to an IRS study, it takes a mean of 330
minutes for taxpayers to prepare, copy, and electronically file a 1040 tax

According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy, and electronically file a 1040 tax form. This distribution of times follows the normal distribution and the standard deviation is 80 minutes. A consumer watchdog agency selects a random sample of 40 taxpayers. a. What is the standard error of the mean in this example? (Round your answer to 3 decimal places.) Standard error of the mean os b. What is the likelihood the sample mean is greater than 320 minutes? (Round z value to 2 decimal places and final answer to 4 decimal places.) Probability c. What is the likelihood the sample mean is between 320 and 350 minutes? (Round z value to 2 decimal places and final answer to 4 decimal places.) Probability d. What is the likelihood the sample mean is greater than 350 minutes? (Round z value to 2 decimal places and final answer to 4 decimal places.) Probability

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