Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A regional CPA firm conducted an audit for a discount chain.One part of the audit involved developing an estimate for the mean dollar error in total charges that occur during the checkout process.They wish to develop a 90% confidence interval estimate for the population mean.A simple random sample of n = 20 is selected,with the following data (in dollars):
-Develop a 90% confidence interval estimate for the population mean.
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± tα/2 ∙ s /
= 0.77...View Answer
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Correct Answer:
Verified
± tα/2 ∙ s /
= 0.77...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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