In Examining the Invoices Issued by a Company,an Auditor Finds

question 71

Multiple Choice

In examining the invoices issued by a company,an auditor finds that the dollar amounts of invoices have a mean of $1,732 and a standard deviation of $298.What is the probability that for a sample of 45 invoices,the average invoice is greater than $1,800?

• A)0.563
• B)0.063
• C)0.437
• D)0.937

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Definitions:

Mass Schooling

The widespread availability and provision of education to large populations, typically facilitated through public schooling systems.

French and American Revolutions

Transformative historical events that significantly altered the political, social, and economic landscapes of France and the United States, promoting ideas of liberty and democracy.

Industrialization

The process of transforming economies from primarily agrarian to one dominated by industry and machine manufacturing, significantly impacting social and economic structures.

Manifest Function

The recognized and intended consequences of any social pattern, which contribute to its persistence.