Question

In: Statistics and Probability

Use the following information: Mean book value of items in sample: $ 29 Mean audited value...

Use the following information:

Mean book value of items in sample: $ 29
Mean audited value of items in sample: $ 28
Mean book value of items in population: $ 30
Number of items in population: 1,000

Using ratio estimation, the estimated total audited value is: (Round your intermediate calculations to the nearest dollar value.)

Multiple Choice

  • $27,067

  • $28,000

  • $28,966

  • $29,000

Solutions

Expert Solution

Answer:- So the correct answer is 3rd Option. $28,966

orchestra answered 2 years ago
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