DRome,CPA Is Conducting a Classical Variables Sampling Application on a Client's

question 14

Essay

D.Rome,CPA is conducting a classical variables sampling application on a client's accounts receivable recorded at $3,000,000.These receivables are composed of 5,000 customer accounts.Assume that Rome identified an acceptable level of the risk of incorrect acceptance of 5 percent,determined a sample size of 100,and confirmed the accounts with the client's customers.Rome's substantive procedures indicated that the average audited value was $590 per account.
a.Determine the sample estimate of the client's accounts receivable.
b.If the standard deviation of sample estimates is $30,calculate the precision.
c.Calculate the precision interval.

Identify key skills associated with general, administrative, and clinical areas of medical assisting.

Demonstrate knowledge of the specific tasks performed in the clinical area of medical assisting.

Distinguish between general, administrative, and clinical tasks in the field of medical assisting.

Understand the concept of degrees of freedom in the context of statistical data analysis.

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