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You are a new audit analyst at the Big 4 company PwC. pwc You would like to know how much the average public company
You are a new audit analyst at the Big 4 company PwC. pwc You would like to know how much the average public company pays in audit fees on an annual basis. Your task is to use the given information about a random sample to create the appropriate confidence interval: sample size = 40 mean = 12.6 standard deviation = 1.98 confidence level = 0.985 All sample data is provided in millions of dollars ($ million). Please maintain the same units throughout your analysis. DO NOT TRANSFORM THESE VALUES. Report only values in your analysis. Do not include units. What is the degrees of freedom in this sample? number (rtol=0, atol=0.1) What is the standard error? number (rtol=0, atol=0.001) ? What is the value at midpoint of the confidence interval? number (rtol=0, atol=0.01) ? What is the level of significance for this analysis (a)? Provide a decimal, not a percentage. number (rtol=0, atol=0.0001) ? What is the amount of error that you will accept in the upper tail of the confidence interval? number (rtol=0, atol=0.0001) ? What type of situation does this problem represent? (a) upper-tail (b) two-tail (c) lower-tail What is ta/2? number (rtol=0, atol=0.01) ? What is the value of the upper limit of the confidence interval? number (rtol=0, atol=0.01) ? What is the value of the lower limit of the confidence interval? number (rtol=0, atol=0.01) ?
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