SlideShare a Scribd company logo
1 of 1
Download to read offline
A survey of CPAs across the United States found that the average net income for sole- proprietor
CPAs is $99,500. Because this survey is over a decade old, an accounting analyst wants to test
whether the net income figure has changed or not. A random sample of 120 CPAs produced a
mean salary of $101,220. Assume that the population standard deviation of salaries is =$14,530.
( known case two-tailed test Z statistic).
a. Test the hypothesis test using the critical value approach at the significance level = 0.01
(Show mathematical steps in detail)
b. Interpret the results.

More Related Content

More from prasaddave77797

a tax return preparer must disclose or use tax return information wi.pdf
a tax return preparer must disclose or use tax return information wi.pdfa tax return preparer must disclose or use tax return information wi.pdf
a tax return preparer must disclose or use tax return information wi.pdfprasaddave77797
 
A subset of data from the National Health and Nutrition Examination .pdf
A subset of data from the National Health and Nutrition Examination .pdfA subset of data from the National Health and Nutrition Examination .pdf
A subset of data from the National Health and Nutrition Examination .pdfprasaddave77797
 
A study evaluated the impact of social distancing measures on the CO.pdf
A study evaluated the impact of social distancing measures on the CO.pdfA study evaluated the impact of social distancing measures on the CO.pdf
A study evaluated the impact of social distancing measures on the CO.pdfprasaddave77797
 
A star-exoplanet system moves from left to right as seen from Earth..pdf
A star-exoplanet system moves from left to right as seen from Earth..pdfA star-exoplanet system moves from left to right as seen from Earth..pdf
A star-exoplanet system moves from left to right as seen from Earth..pdfprasaddave77797
 
A set of starting states, some events or activities represented by i.pdf
A set of starting states, some events or activities represented by i.pdfA set of starting states, some events or activities represented by i.pdf
A set of starting states, some events or activities represented by i.pdfprasaddave77797
 
A small, tidal channel is being maintained at a mean depth of 4 m to.pdf
A small, tidal channel is being maintained at a mean depth of 4 m to.pdfA small, tidal channel is being maintained at a mean depth of 4 m to.pdf
A small, tidal channel is being maintained at a mean depth of 4 m to.pdfprasaddave77797
 
A sample of 130 adults was asked whether they worked part-time while.pdf
A sample of 130 adults was asked whether they worked part-time while.pdfA sample of 130 adults was asked whether they worked part-time while.pdf
A sample of 130 adults was asked whether they worked part-time while.pdfprasaddave77797
 
A scientist observes that Pacific madrone trees are smaller in north.pdf
A scientist observes that Pacific madrone trees are smaller in north.pdfA scientist observes that Pacific madrone trees are smaller in north.pdf
A scientist observes that Pacific madrone trees are smaller in north.pdfprasaddave77797
 
A sample of size n=10=10 is drawn from a population. The data is sho.pdf
A sample of size n=10=10 is drawn from a population. The data is sho.pdfA sample of size n=10=10 is drawn from a population. The data is sho.pdf
A sample of size n=10=10 is drawn from a population. The data is sho.pdfprasaddave77797
 
a plant toxin prevents CO2 molecules from being consumed as a substr.pdf
a plant toxin prevents CO2 molecules from being consumed as a substr.pdfa plant toxin prevents CO2 molecules from being consumed as a substr.pdf
a plant toxin prevents CO2 molecules from being consumed as a substr.pdfprasaddave77797
 
A rich graduate of FSU wants to set up a scholarship fund for econom.pdf
A rich graduate of FSU wants to set up a scholarship fund for econom.pdfA rich graduate of FSU wants to set up a scholarship fund for econom.pdf
A rich graduate of FSU wants to set up a scholarship fund for econom.pdfprasaddave77797
 
A researcher has conducted a study analyzing the effects of differen.pdf
A researcher has conducted a study analyzing the effects of differen.pdfA researcher has conducted a study analyzing the effects of differen.pdf
A researcher has conducted a study analyzing the effects of differen.pdfprasaddave77797
 
A researcher is interested in the criminal involvement of young adul.pdf
A researcher is interested in the criminal involvement of young adul.pdfA researcher is interested in the criminal involvement of young adul.pdf
A researcher is interested in the criminal involvement of young adul.pdfprasaddave77797
 
A researcher is interested in determining if the more than two third.pdf
A researcher is interested in determining if the more than two third.pdfA researcher is interested in determining if the more than two third.pdf
A researcher is interested in determining if the more than two third.pdfprasaddave77797
 
A researcher is interested in conducting a study on the eating habit.pdf
A researcher is interested in conducting a study on the eating habit.pdfA researcher is interested in conducting a study on the eating habit.pdf
A researcher is interested in conducting a study on the eating habit.pdfprasaddave77797
 
A registered nurse is preparing three hypothalamic and pituitary med.pdf
A registered nurse is preparing three hypothalamic and pituitary med.pdfA registered nurse is preparing three hypothalamic and pituitary med.pdf
A registered nurse is preparing three hypothalamic and pituitary med.pdfprasaddave77797
 

More from prasaddave77797 (16)

a tax return preparer must disclose or use tax return information wi.pdf
a tax return preparer must disclose or use tax return information wi.pdfa tax return preparer must disclose or use tax return information wi.pdf
a tax return preparer must disclose or use tax return information wi.pdf
 
A subset of data from the National Health and Nutrition Examination .pdf
A subset of data from the National Health and Nutrition Examination .pdfA subset of data from the National Health and Nutrition Examination .pdf
A subset of data from the National Health and Nutrition Examination .pdf
 
A study evaluated the impact of social distancing measures on the CO.pdf
A study evaluated the impact of social distancing measures on the CO.pdfA study evaluated the impact of social distancing measures on the CO.pdf
A study evaluated the impact of social distancing measures on the CO.pdf
 
A star-exoplanet system moves from left to right as seen from Earth..pdf
A star-exoplanet system moves from left to right as seen from Earth..pdfA star-exoplanet system moves from left to right as seen from Earth..pdf
A star-exoplanet system moves from left to right as seen from Earth..pdf
 
A set of starting states, some events or activities represented by i.pdf
A set of starting states, some events or activities represented by i.pdfA set of starting states, some events or activities represented by i.pdf
A set of starting states, some events or activities represented by i.pdf
 
A small, tidal channel is being maintained at a mean depth of 4 m to.pdf
A small, tidal channel is being maintained at a mean depth of 4 m to.pdfA small, tidal channel is being maintained at a mean depth of 4 m to.pdf
A small, tidal channel is being maintained at a mean depth of 4 m to.pdf
 
A sample of 130 adults was asked whether they worked part-time while.pdf
A sample of 130 adults was asked whether they worked part-time while.pdfA sample of 130 adults was asked whether they worked part-time while.pdf
A sample of 130 adults was asked whether they worked part-time while.pdf
 
A scientist observes that Pacific madrone trees are smaller in north.pdf
A scientist observes that Pacific madrone trees are smaller in north.pdfA scientist observes that Pacific madrone trees are smaller in north.pdf
A scientist observes that Pacific madrone trees are smaller in north.pdf
 
A sample of size n=10=10 is drawn from a population. The data is sho.pdf
A sample of size n=10=10 is drawn from a population. The data is sho.pdfA sample of size n=10=10 is drawn from a population. The data is sho.pdf
A sample of size n=10=10 is drawn from a population. The data is sho.pdf
 
a plant toxin prevents CO2 molecules from being consumed as a substr.pdf
a plant toxin prevents CO2 molecules from being consumed as a substr.pdfa plant toxin prevents CO2 molecules from being consumed as a substr.pdf
a plant toxin prevents CO2 molecules from being consumed as a substr.pdf
 
A rich graduate of FSU wants to set up a scholarship fund for econom.pdf
A rich graduate of FSU wants to set up a scholarship fund for econom.pdfA rich graduate of FSU wants to set up a scholarship fund for econom.pdf
A rich graduate of FSU wants to set up a scholarship fund for econom.pdf
 
A researcher has conducted a study analyzing the effects of differen.pdf
A researcher has conducted a study analyzing the effects of differen.pdfA researcher has conducted a study analyzing the effects of differen.pdf
A researcher has conducted a study analyzing the effects of differen.pdf
 
A researcher is interested in the criminal involvement of young adul.pdf
A researcher is interested in the criminal involvement of young adul.pdfA researcher is interested in the criminal involvement of young adul.pdf
A researcher is interested in the criminal involvement of young adul.pdf
 
A researcher is interested in determining if the more than two third.pdf
A researcher is interested in determining if the more than two third.pdfA researcher is interested in determining if the more than two third.pdf
A researcher is interested in determining if the more than two third.pdf
 
A researcher is interested in conducting a study on the eating habit.pdf
A researcher is interested in conducting a study on the eating habit.pdfA researcher is interested in conducting a study on the eating habit.pdf
A researcher is interested in conducting a study on the eating habit.pdf
 
A registered nurse is preparing three hypothalamic and pituitary med.pdf
A registered nurse is preparing three hypothalamic and pituitary med.pdfA registered nurse is preparing three hypothalamic and pituitary med.pdf
A registered nurse is preparing three hypothalamic and pituitary med.pdf
 

Recently uploaded

Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104misteraugie
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...Marc Dusseiller Dusjagr
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionSafetyChain Software
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 

Recently uploaded (20)

Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 

A survey of CPAs across the United States found that the average net.pdf

  • 1. A survey of CPAs across the United States found that the average net income for sole- proprietor CPAs is $99,500. Because this survey is over a decade old, an accounting analyst wants to test whether the net income figure has changed or not. A random sample of 120 CPAs produced a mean salary of $101,220. Assume that the population standard deviation of salaries is =$14,530. ( known case two-tailed test Z statistic). a. Test the hypothesis test using the critical value approach at the significance level = 0.01 (Show mathematical steps in detail) b. Interpret the results.