Question
Consider the random variable (RV) constructed as follows: Take a random sample of 25 Financial Statements within each of 90 SIC Codes (Industry Types), conduct
Consider the random variable (RV) constructed as follows: Take a random sample of 25 Financial Statements within each of 90 SIC Codes (Industry Types), conduct a thorough audit, and count the total number of errors for each Financial Statement within each SIC Code. For each SIC Code, calculate an average of the 25 totals.
Describe what a bar chart (i.e., histogram) would look like for the 90 averages thus obtained for each SIC Code. Why?
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Fundamentals Of Statistics
Authors: Michael Sullivan III
4th Edition
978-032184460, 032183870X, 321844602, 9780321838704, 978-0321844606
