An auditor is interested in estimating the population mean value for Aloha Companys accounts receivable. The population
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An auditor is interested in estimating the population mean value for Aloha Company’s accounts receivable. The population has been divided into three strata. The accompanying table gives information on the strata and the estimated standard deviations.
σx̅ = 12.75. Assume you would like a 95% confidence interval to extend $25 on each side of the estimate.
(a) Determine the total sample size for a proportional allocation.
(b) Determine the sample size for an optimal allocation.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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