Question
The accounts of a company show that on average, accounts receivable are $96.39. An auditor checks a random sample of 81 of these accounts, finding
The accounts of a company show that on average, accounts receivable are $96.39. An auditor checks a random sample of 81 of these accounts, finding a sample man of $92.36 and a standard deviation of $40.56. Based on these findings, can you conclude the mean accounts recievable is different from $96.36 at alpha=.1?
What is the decision rule?
What is the test statistic?
What is the p-value?
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Statistics For Business And Economics
Authors: Paul Newbold, William Carlson, Betty Thorne
8th Edition
0132745658, 978-0132745659
