Question
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 $1,223.
Required:
Which invoices would you select?
Invoice Number Recorded Amount ($)
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 ...Get Instant Access to Expert-Tailored Solutions
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