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

question 84

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 "high" end of the confidence interval around the projected misstatement is equal to an overstatement of:

• A)$120,000.
• B)$300,000.
• C)$320,000.
• D)$620,000.

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Definitions:

Line Graph

A type of chart used to display information as a series of data points connected by straight line segments, often to show trends over time.

Cumulative Frequency

The sum of a class and all classes below it in a frequency distribution.

Frequency Polygon

A graphical representation of the distribution of a dataset that shows the frequency of data points within certain intervals.

Variation

A term describing the extent to which data points in a dataset differ from each other and from the mean.