Consider the example where the average net income for all sole proprietor CPA’s was found to be $74,914 in a survey done five years ago. A new survey is conducted by taking a random sample of 112 currently, practising sole proprietor CPAs to determine if this average net income figure has changed. The sample average net income is calculated to be $78,695, and it is known that the population standard deviation of net incomes for sole proprietor CPA’s is $14,530. Use the sample data to establish if there is sufficient evidence to conclude that the average net income for sole proprietor CPA’s has changed in the last 5 years.
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/mathematics-answer-36483.pdf
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment