The accounting firm of Nancy Ahmadi & Associates (NAA) was commissioned to audit a population of 500 accounts. For this audit, NAA selected a simple random sample of 64 accounts. The sample showed an average discrepancy of $120 with a standard deviation of $24
a. Estimate the population total discrepancy.
b. Develop an approximate 95% confidence interval for the population total discrepancy.
a. $60,000
b. $57,200 to $62,800
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Stan paid an insurance company $50,000 for a fixed annuity when he was 50 years old. At age 62, Stan plans to begin to receive payments from the insurer. There are no guarantees on the number of payments he will receive
Based on the description provided, this annuity can be described as a(n) A) deferred annuity. B) life annuity with guaranteed payments. C) immediate annuity. D) variable annuity.
Harold, a financial accountant in a company, is asked to identify the changes in the company's account values between 2014 and 2016. To get the required information, he uses comparative financial statements, which state the figures for the two years side by side. These comparative financial statements make it easier for Harold to identify the changes that may have taken place during that period. In this scenario, Harold is most likely using _____ to get the required information.
A. activity-based costing B. horizontal analysis C. liquidity index D. static analysis
Which of the following is the federal law that prohibits employers from discriminating on the basis of mental or physical impairments against people who can perform the essential functions of a job?
A. The Pregnancy Discrimination Act B. The Civil Rights Act of 1964 C. The Rehabilitation Act D. The Americans with Disabilities Act
Most statistical software print a second R2 statistic, called the coefficient of determination adjusted for degrees of freedom, which has been adjusted to take into account the sample size and the number of independent variables
Indicate whether the statement is true or false