# The mean tax-return preparation fee h&r block charged retail

June 17, 2022 2022-06-17 10:14## The mean tax-return preparation fee h&r block charged retail

# The mean tax-return preparation fee h&r block charged retail

The mean tax-return preparation fee H&R Block charged retail customers in 2012 was $183 (*The Wall Street Journal*, March 7, 2012). Use this price as the population mean and assume the population standard deviation of preparation fees is $50.

Round your answers to four decimal places.

**a. **What is the probability that the mean price for a sample of 30 H&R Block retail customers is within $8 of the population mean?

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**b. **What is the probability that the mean price for a sample of 50 H&R Block retail customers is within $8 of the population mean?

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**c. **What is the probability that the mean price for a sample of 100 H&R Block retail customers is within $8 of the population mean?

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**d. **Which, if any, of the sample sizes in parts (a), (b), and (c) would you recommend to have at least a .95 probability that the sample mean is within $8 of the population mean?