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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
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$28,000
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$29,000
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$30,000
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$31,071
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