Using ratio estimation, an auditor has taken a sample of 150 from a population's 50,000 items; that population has a book value of $250,000. She found that in her sample the average audited value was $4.50, while the average book value was $5.20. What is the estimated total audited value of the population?
A. $216,346.
B. $215,000.
C. $225,000.
D. $250,000.
Answer: A
You might also like to view...
The _________ section of the practitioner’s model of human resource management describes managing safety and health as well as providing ethical and social responsibility guidelines to members of the organization.
A. Compensating B. Staffing C. Developing and Managing D. Protecting and Expanding E. Technical Skill
________ goods are appropriate for intensive distribution, as their sales rely on the consumer seeing the product, feeling an immediate want, and being able to purchase now.
A. Durable B. Convenience C. Shopping D. Impulse E. High-technology
A gambling contract is illegal unless it is a type of wagering specifically authorized by state statute
a. True b. False Indicate whether the statement is true or false
A marketing plan is a written statement of a marketing strategy and the time-related details for carrying out the strategy.
Answer the following statement true (T) or false (F)