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 tax advice from their accountants (The New York Times).Backen and Hayes LLC is an accounting firm in New York state. The accounting firm believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming tax season. Backen and Hayes LLC has developedthe following probability distribution for a = number of new clients seeking tax advice.Excel File: data05-19.xlsxf(x)200.05250.20300.25350.15400.15450.10500.10a. Is this a valid probability distribution?- Select your answer -Explain.f(z)Select your answer -- Select your answerb. What is the probability that Backen and Hayes LLC will obtain 40 or more new clients (to 2 decimals)?c. What is the probability that Backen and Hayes LLC will obtain fewer than 35 new clients (to 2 decimals)?d. Compute the expected value, variance, and standard deviation of x (to 2 decimals).Expected valueVarianceStandard Deviation

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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 tax advice from their accountants (The New York Times). Backen and Hayes LLC is an accounting firm in New York state. The accounting firm believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming tax season. Backen and Hayes LLC has developed che following probability distribution for = number of new clients seeking tax advice. Excel File: data05-19.xlsx f(z) 20 0.05 25 0.20 30 0.25 35 0.15 40 0.15 45 0.10 50 0.10 a. Is this a valid probability distribution? - Select your answer - Explain. f(z) - Select your answer - Select your answer - b. What is the probability that Backen and Hayes LLC will obtain 40 or more new clients (to 2 decimals)? E. What is the probability that Backen and Hayes LLC will obtain fewer than 35 new clients (to 2 decimals)? d. Compute the expected value, variance, and standard deviation of x (to 2 decimals). Expected value Variance Standard Deviation

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 tax advice from their accountants (The New York Times). Backen and Hayes LLC is an accounting firm in New York state. The accounting firm believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming tax season. Backen and Hayes LLC has developed che following probability distribution for = number of new clients seeking tax advice. Excel File: data05-19.xlsx f(z) 20 0.05 25 0.20 30 0.25 35 0.15 40 0.15 45 0.10 50 0.10 a. Is this a valid probability distribution? - Select your answer - Explain. f(z) - Select your answer - Select your answer - b. What is the probability that Backen and Hayes LLC will obtain 40 or more new clients (to 2 decimals)? E. What is the probability that Backen and Hayes LLC will obtain fewer than 35 new clients (to 2 decimals)? d. Compute the expected value, variance, and standard deviation of x (to 2 decimals). Expected value Variance Standard Deviation

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.3: The Cartesian Plane And Graphs Of Equations

Problem 7ECP

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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 tax advice from their accountants (The New York Times). Backen and Hayes LLC is an accounting firm in New York state. The accounting firm believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming tax season. Backen and Hayes LLC has developed the following probability distribution for number of new clients seeking tax advice. x f(x) 20 0.05 25 0.20 30 0.25 35 0.15 40 0.15 45 0.10 50 0.10 b. What is the probability that Backen and Hayes LLC will obtain 40 or more new clients (to 2 decimals c. What is the probability that Backen and Hayes LLC will obtain fewer than 35 new clients (to 2 decimals)? d.Compute the expected value, variance, and standard deviation of (to 2 decimals). Expected value…
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 tax advice from their accountants (The New York Times). Backen and Hayes LLC is an accounting firm in New York state. The accounting firm believes that it may have to hire additional accountants to assist with the increased demand in tax advice for the upcoming tax season. Backen and Hayes LLC has developed the following probability distribution for * = number of new clients seeking tax advice. Excel File: data05-19.xlsx f(2) 20 0.05 25 0.20 30 0.25 35 0.15 40 0.15 45 0.10 50 0.10 a. Is this a valid probability distribution? - Select your answer - Explain. f(x) Select your answer - Select your answer - b. What is the probability that Backen and Hayes LLC will obtain 40 or more new clients (to 2 decimals)? c. What is the probability that Backen and Hayes LLC will obtain fewer than 35 new clients…
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