Using Ratio Estimation, an Auditor Has Taken a Sample of 200

question 23

Multiple Choice

Using ratio 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.

---

Definitions:

Logic Games

Puzzles or problems that require the use of logical reasoning to solve.

Tautology

A statement or formula that is true in every possible interpretation, an irrefutable assertion.

Equivalent Statements

Phrases or sentences that express the same idea or proposition in different words.

Phenotype

The evident biological or chemical attributes of an organism, influenced by its genetic composition and surroundings.