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Probability to Proportionate to size problem You have selected 100 sample items from ABCs accounts receivable population. For this problem only, assume the total population

Probability to Proportionate to size problem

You have selected 100 sample items from ABC’s accounts receivable population. For this problem only, assume the total population for accounts receivable is $500,000. Now let us assume the following invoices were selected. This is only a partial list of population items. Start with a random starting point of $1,223.

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Which invoices would you select?

Invoice Number Recorded Amount ($)

778 $125

779 2460

780 670

781 1200

782 2455

784 9

785 2222

786 675

787 8544

788 32

789 3000

790 11200


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Answer Invoice Number Recorded Amount Cumulative Amount 778 125 125 779 2460 ... blur-text-image

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