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Using difference 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 Datum
A single piece of information or data point.
Specified Characteristic
A particular property or attribute that is identified for observation or measurement in a study.
Ascending Magnitude
A sequence or arrangement in which values increase in order from smallest to largest.
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A condition on transport networks that occurs as use increases, and is characterized by slower speeds, longer trip times, and increased vehicular queueing.
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