The Internal Auditing Staff of a Local Manufacturing Company Performs

question 47

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.The historical records of the company show that over the past 8 years 14 percent of the accounts are delinquent.For this quarter,the auditing staff randomly selected 250 customer accounts.What are the mean and the standard deviation of the sampling distribution of ?

• A)14 and 250
• B).14 and .1204
• C)35 and 5.486
• D).14 and .0219
• E)35 and 30.1

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Definitions:

Incentives

Factors that motivate individuals or businesses to act in a certain way, often used to encourage productivity and economic efficiency.

Renewable Resources

Those that are renewed in nature, like water flows, or grown, like timber.

Renewed

Pertains to something that has been restored, refreshed, or made new again.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth.