Bones Brothers & Associates prepare individual tax returns. Over prior years, Bones
Brothers has maintained careful records regarding the time to prepare a return. The
mean time to prepare a return is 90 minutes and the standard deviation of this
distribution is 14 minutes. Suppose 100 returns from this year are selected and analyzed
regarding the preparation time. What is the probability that the mean time for the
sample of 100 returns is between 88 minutes and 92 minutes?
A. Approximately 1
B. 0.1664
C. 0.8336
D. 0.8472
The mean annual incomes of certified welders are normally distributed with the mean
of $50,000 and a standard deviation of $2,000. The ship building association wishes to
find out whether their welders earn more or less than $50,000 annually. The alternate
hypothesis is that the mean is not $50,000. If the level of significance is 0.10, what is
the critical value?
A. +1.645
B. -1.282
C. 1.282
D. 1.645