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Use the following information: Mean book value of items in sample: $ 29 Mean audited value of items in sample: $ 28 Mean book value

Use the following information:

Mean book value of items in sample: $ 29
Mean audited value of items in sample: $ 28
Mean book value of items in population: $ 30
Number of items in population: 1,000

Using the mean-per-unit estimation, the estimated total audited value is:

Multiple Choice

  • $28,000

  • $29,000

  • $30,000

  • $31,071

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