THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 16

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.
-Find a 95% confidence interval for the total dollar value of these invoices.

• A)60,1704 ± 10258.15
• B)60,1704 ± 8168.36
• C)60,1704 ± 15987.64
• D)60,1704 ± 22481.79

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Definitions:

Personal Problems

Personal Problems refer to issues or challenges that affect an individual's mental, physical, or emotional well-being.

Lateral Thinking

A problem-solving approach that involves looking at the situation from different perspectives and using creative thinking to find unexpected solutions.

Vertical Thinking

A methodical process of problem-solving that focuses on depth and detail, often following a specific set of logical steps.

Problem Solving

A process of identifying a problem, generating possible solutions, and implementing a solution to address the issue effectively.