THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 62

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An auditor is faced with reviewing 1,098 invoices.From a random sample of 134 of these accounts,he found that the average amount was $548 with a standard deviation of $129.He also found that 42 out of the 134 in the sample were from out-of-state suppliers.
-Estimate the total dollar value of these invoices.

• A)$601,704
• B)$721,450
• C)$484,566
• D)$852,989

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Definitions:

MANOVA

Multivariate Analysis of Variance, a statistical approach used to test the difference between group means on several dependent variables at once.

ANCOVA

Analysis of Covariance, a statistical technique used to adjust the effects of one or more quantitative independent variables while comparing the means of two or more groups.

Path Analysis

A specialized form of multiple regression analysis used to describe the directed dependencies among a set of variables.

Path Analysis

A statistical technique used to describe the directed dependencies among a set of variables.