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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 16

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An auditor is faced with reviewing 1,098 invoices.From a random sample of 134 of these accounts,he found that the average amount was $548 with a standard deviation of $129.He also found that 42 out of the 134 in the sample were from out-of-state suppliers.
-Find a 95% confidence interval for the total dollar value of these invoices.


A) 60,1704 ± 10258.15
B) 60,1704 ± 8168.36
C) 60,1704 ± 15987.64
D) 60,1704 ± 22481.79

Correct Answer:

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