THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 38

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An auditor,examining a total of 800 accounts receivable by a corporation,selected a random sample of 60 accounts.The sample mean is $130.54 and the sample standard deviation is $42.56.
-Find a 90% confidence interval for the population.

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Definitions:

Replicable

Capable of being recreated or reproduced under the same conditions, ensuring the reliability of scientific findings.

Convenience Sample

A type of nonprobability sampling where participants are selected based on their availability and willingness to take part, rather than at random.

Representative

Someone or something that serves as a typical example or an agent for others.

Population

In the context of statistics and research, it refers to the total group of individuals or items from which a sample may be drawn for study.