Use the information given in question 38 to test the hypothesis that the population mean accounts receivable is greater than $200 at the .05 level of significance.

Question 38

An auditor is interested in the mean value of a company’s accounts receivable.

He randomly samples 200 accounts receivable and finds that the mean accounts receivable is $231. From past experience, he knows that the standard deviation is $25. Use a .01 level of significance to test whether the population mean accounts receivable is different from $200.