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Use the following information to answer questions D to H: Mean book value of items in sample = $31 Mean audited value of items in
Use the following information to answer questions D to H:
- Mean book value of items in sample = $31
- Mean audited value of items in sample = $32
- Mean book value of items in population = $33
- Number of items in population = 10,000
- The total book value of this population is ?
- Using the mean per unit estimation, the estimated total audited value is ?
- Using the mean per unit estimation, the projected misstatement is ? (Indicate overstated or understated and $amount)
- Using ratio estimation, the estimated total audited value is ?
- Using difference estimation, the estimated total audited value is?
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