Solved

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 23

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An auditor,examining a total of 650 accounts receivable by a corporation,selected a random sample of 45 accounts.The sample mean is $108.34 and the sample standard deviation is $30.85.
-Find a 95% confidence interval for the total amount of the 800 accounts receivable.


A) 70,421 ± 3,836.24
B) 70,421 ± 4,589.73
C) 70,421 ± 2,057.41
D) 70,421 ± 5,657.48

Correct Answer:

verifed

Verified

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

Related Questions

Q18: THE NEXT QUESTIONS ARE BASED ON THE

Q19: In many practical applications,nonprobabilistic methods are used

Q20: THE NEXT QUESTIONS ARE BASED ON THE

Q21: THE NEXT QUESTIONS ARE BASED ON THE

Q22: Which of the following sampling methods would

Q24: THE NEXT QUESTIONS ARE BASED ON THE

Q25: THE NEXT QUESTIONS ARE BASED ON THE

Q26: A smaller sample size is required where

Q27: THE NEXT QUESTIONS ARE BASED ON THE

Q28: THE NEXT QUESTIONS ARE BASED ON THE