THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An auditor,examining a total of 650 accounts receivable by a corporation,selected a random sample of 45 accounts.The sample mean is $108.34 and the sample standard deviation is $30.85.
-Find a 95% confidence interval for the total amount of the 800 accounts receivable.
A) 70,421 ± 3,836.24
B) 70,421 ± 4,589.73
C) 70,421 ± 2,057.41
D) 70,421 ± 5,657.48
Correct Answer:
Verified
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