In a Recent Audit Report, an Accounting Firm Stated That

question 14

Essay

In a recent audit report, an accounting firm stated that the mean sale per customer for the client was estimated to be between $14.50 and $28.50. Further, this was based on a random sample of 100 customers and was computed using 95 percent confidence. Provide a correct interpretation of this confidence interval estimate.

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Definitions:

Fiedler's Contingency Model

A leadership theory proposing that a leader's effectiveness is contingent on the compatibility between the leader's style of leadership and the demands of the situation.

Low-Task

Describes a situation or job that requires minimal cognitive or physical effort, typically involving routine or simple activities.

Hersey-Blanchard

A situational leadership model that suggests the leadership style should be adjusted based on the maturity level of the followers.

Leadership Style

The approach and behavior a leader adopts in guiding and influencing the actions of a group towards achieving goals.