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.
a) 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 financial income tax return?
b) 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?
c) 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?
d) If the number of 18-34-year olds sampled is equal to the value identified in part (a), what is the standard deviation of the percentage who use an online tax program?
e) If the number of 35-44-year olds sampled is equal to the value identified in part (b), what is the standard deviation of the percentage who use an online tax program?
I'm not exactly sure where to start with answering the question, and my text doesn't have a similar question. What do you think my first step should be? Plus shouldn't the numbers add up to 100%. because they don't.
Thanks
1 answer