Population
- $\quad$ Size $= 10,000$ Items
- Book Value $= \$ 8,000,000$

question 69

Multiple Choice

Population
- $\quad$ Size $= 10,000$ items
- Book value $= \$ 8,000,000$
- Tolerable misstatement $= \$ 300,000$
Sample
- $\quad$ Size $= 100$ items.
- Average book value of sample items $= \$ 795$
- Allowance for sampling risk $= \$ 220,000$
- Projected misstatement $= \$ 100,000$ overstatement
-The estimated total audited value of the population equals:

• A)$7,680,000.
• B)$7,780,000.
• C)$7,900,000.
• D)$7,950,000.

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Definitions:

Total Fertility Rate

The average number of children born to a woman during her lifetime.

Born

The process of coming into life or entering into existence.

K-strategists

Species that produce fewer offspring, with a focus on long term survival and quality of upbringing, often in stable environments.

Trees

Perennial plants with an elongated stem, or trunk, supporting branches and leaves, typically living for many years.