The Internal Auditing Staff of a Local Manufacturing Company Performs

question 133

Multiple Choice

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are delinquent (more than 90 days overdue) .For this quarter,the auditing staff randomly selected 400 customer accounts and found that 80 of these accounts were delinquent.What is the 95% confidence interval for the proportion of all delinquent customer accounts at this manufacturing company?

• A).1608 to .2392
• B).1992 to .2008
• C).1671 to .2329
• D).1485 to .2515
• E).1714 to .2286

---

Definitions:

Conclusion

The final part of something, typically a summary or decision made after considering all the presented information or evidence.

Premises

Assertions or claims considered true and form the foundational premises for a conclusion in reasoning.

Inductive Argument

A type of reasoning that moves from specific instances to a general conclusion, which can be more or less probable but not certain.

Puppets

Articulated figures or models, manipulated by a puppeteer, used in performances to entertain or convey stories.