An auditor randomly samples 50 accounts payable of a company and finds a sample mean of $1,100

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An auditor randomly samples 50 accounts payable of a company and finds a sample mean of $1,100 with a sample standard deviation of $287. Construct a 90 % confidence interval for the mean accounts payable.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

Question Posted: Feb 26, 2024 01:00 AM

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An auditor randomly samples 50 accounts payable of a company and finds a sample mean of $1,100

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To construct a confidence interval for the mean accounts payable we can use the formula Confidence I...View the full answer

Statistics For Business And Financial Economics

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