Using Mean-Per-Unit Estimation, an Auditor Has Taken a Sample of 200

question 24

Multiple Choice

Using mean-per-unit estimation, an auditor has taken a sample of 200 from a population's 40,000 items; that population has a book value of $200,000. She found that in her sample the average audited value was $4.20, while the average book value was $5.20. What is the estimated total audited value of the population?

• A) $160,000.
• B) $161,538.
• C) $168,000.
• D) $200,000.

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Definitions:

Saskatchewan

A province in Canada known for its vast expanses of prairies and a significant agricultural sector.

Atlantic Canada

A region in Eastern Canada comprising four provinces: New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island, known for its unique culture and economic challenges.

British Columbia

A province in Canada known for its natural beauty, including mountains, forests, and the Pacific coastline.

Hegemonic Values

Dominant societal norms and values that are widely accepted and perpetuated, often benefiting those in power while marginalizing others.