Online Tax Program (%) Age 18 34 16 35~44 12 45 54 10 55 64 65+ 2

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 1ECP: You accept a job with an annual income of $58,400 . This includes your salary and a $1200 year-end...
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The following table shows the percentage of individuals in each age group who use an online tax program to prepare their federal income tax return. Age Online Tax Program (%) 18~34 16 35~44 12 45~54 10 55~64 8 65+ 2 Suppose a follow-up study consisting of personal interviews is to be conducted to determine the most important factors in selecting a method for filing taxes.

(1) How many 18~34-year-olds must be sampled to find an expected number of at least 25 who use an online tax program to prepare their federal income tax return?

(2) How many 35~44-year-olds must be sampled to find an expected number of at least 25 who use an online tax program to prepare their federal income tax return?

(3) How many 65+-year-olds must be sampled to find an expected number of at least 25 who use an online tax program to prepare their federal income tax return?

(4) If the number of 18~34-year-olds sampled is equal to the value identified in part (1), what is the standard deviation of the percentage who use an online tax program?

(5) If the number of 35~44-year-olds sampled is equal to the value identified in part (2), what is the standard deviation of the percentage who use an online tax program?

Online Tax Program (%)
Age
18 34
16
35~44
12
45 54
10
55 64
65+
2
Transcribed Image Text:Online Tax Program (%) Age 18 34 16 35~44 12 45 54 10 55 64 65+ 2
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