Solved

An Auditor Knows from Past History That the Average Accounts

Question 63

Short Answer

An auditor knows from past history that the average accounts receivable for a company is $521.72, with a standard deviation of $584.64. If the auditor takes a simple random sample of 100 accounts, what is the probability that the mean of the sample will be within $120 of the population mean?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions