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Author Question: The accounting firm of Nancy Ahmadi & Associates (NAA) was commissioned to audit a population of ... (Read 140 times)

cnetterville

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on: Jun 24, 2018
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.

Question 2

Which of the following types of data has no measure of variability?
 a. Interval data.
  b. Nominal data.
  c. Bimodal data.
  d. None of these choices.


kristenb95

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 60,000
b. 57,200 to 62,800

Answer to Question 2

B


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