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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 15

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.
-Estimate the proportion of all invoices that are from out-of-state suppliers.


A) 0.649
B) 0.584
C) 0.313
D) 0.258

Correct Answer:

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