An auditor wishes to take a sample to verify the accounts receivable balances for a company having 500 accounts.From past history,he knows that $\text { σ }$
is $102.49.What sample size must be taken to be 99% confident that the estimate will be within $10 of the true mean account balance?

Question

An auditor wishes to take a sample to verify the accounts receivable balances for a company having 500 accounts.From past history,he knows that $\text { σ }$
 is $102.49.What sample size must be taken to be 99% confident that the estimate will be within $10 of the true mean account balance?

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The Answer of An auditor wishes to take a sample to verify the accounts receivable balances for a company having 500 accounts.From past history,he knows that $\text { σ }$
 is $102.49.What sample size must be taken to be 99% confident that the estimate will be within $10 of the true mean account balance?

An Auditor Wishes to Take a Sample to Verify the Accounts