Question
2. The auditor at Multitek wants to test the hypothesis that the average value of inventory (computers and computer accessories) is $2000. A random sample
2. The auditor at Multitek wants to test the hypothesis that the average value of inventory (computers and computer accessories) is $2000. A random sample of 100 items from the inventory list yields a value of $212,400. value of $212,400. The difference between the value in the inventory list and the value determined by the auditor for by the auditor for the items in the sample results in a standard deviation of 800$. The hypothesis test would be done at the 1% significance level. What is the value of the reduced deviation Z for this test? a)2.067 b)1,55 c)1,378 d)1,28 e) 2.48
f) 1,771
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