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a researcher is interested in the amount of state and federal income generated as a result of audits performed by the IRS. in a random sample of 50 income tax returns, the amount due after an audit averaged $880.22 with a standard deviation of $210.71.

1. construct a 98% confidence interval for the true standard deviation of the amount due on an income tax return after such an audit.
2. a representative of the IRS claims that performing audits has helped to recover a significant amount of money and that the average amount due after an audit is more than $800. Test the IRS's claim at a=.02.
i tried to solve this question during 2 hours. please i need your help!!! thx a million!

2007-05-20 00:21:56 · 2 answers · asked by Anonymous in Business & Finance Taxes United States

2 answers

Re-post in the math area. We don't really do much statistics calculations here...

2007-05-20 00:34:25 · answer #1 · answered by Bostonian In MO 7 · 1 0

The IRS are theives. Be like Fox Mulder..... trust no-one!

2007-05-20 00:25:48 · answer #2 · answered by Traveller 4 · 0 2

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