Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. new legislation passed in 2017 by the u s congress

New legislation passed in 2017 by the U S Congress changed tax laws that affect...

60.1K

Verified Solution

Question

Statistics

image

New legislation passed in 2017 by the U S Congress changed tax laws that affect how many people file their taxes in 2018 and beyond These tax law changes will likely lead many people to seek advice from their accountants An accounting firm in New York state believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming t season The firm has developed the following probability distribution for x number of new clients seeking tax advice X f x 20 0 05 25 0 20 30 0 30 35 0 15 40 0 10 45 0 10 50 0 10 a Is this a valid probability distribution Explain This probability distribution Select valid because Select for all values of x Also f x b What is the probability that the firm will obtain 40 or more new clients c What is the probability that the firm will obtain fewer than 35 new clients d Compute the expected value variance and standard deviation of x Round your answers to four decimal places expected value variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

two masses m1 and m2 move under their mutual gravitation attraction in a uniform external gravitational...

Physics
Q

Describe the parameters for visual analysis of case study data. How does analysis through single case...

Basic Math
Q

Which statement describes how the process shown in the diagram results in new inheritable genetic...

Biology
Q

possible AB and BA If it is not possible explain why 44 01 A A...

Basic Math
Q

Given the following sets:U = {a, b, c, d, e, f, g, h, i}A =...

Basic Math
Q

Challenge A car is traveling at a steady speed. It travels travel in 41 minutes?...

Basic Math
Q

In a certain country, the true probability of a baby being a boy is 0.533....

Statistics
Q

Part 1 of 6 The equation of the regression line is y x 0 Round...

Statistics
Q

TAX QUESTIONS Businessperson incurs the following 162 business deductions. To what extent does...

Accounting
Q

Download the Applying Excel form and enter formulas in all cells that contain question marks....

Accounting
Q

Elite Lawn & Plowing (EL&P) is a lawn and snow plowing service with both residential...

Accounting
Q

A current liability is a debt that can reasonably be expected to be paid A...

Accounting