Q4. ANSWER FOR B Q4Aida is an auditor in a firm. She handles the long list of accounts receivable from herfirm. She verified the amounts on 5% of these accounts and estimate the averagedifference between the audited and book values.(a)(i)Suppose the accounts receivable are arranged chronologically, with theolder accounts tending to have smaller values. What kind of samplingshe should choose?(ii)Explain your answer in Q4(a)(i).(b)(i)Suppose the accounts receivable are arranged randomly. What kind ofsampling she should choose?(ii)Explain your answer in Q4(b)(i).Suppose the accounts are grouped by department and then listedchronologically within departments. The older accounts again tend tohave smaller values. What kind of sampling she should choose?(c)(i)(ii)Explain your answer in Q4(c)(i).

Aida is an auditor in a firm. She verified the amounts on 5% of the accounts and estimate the…

Answered: Suppose the accounts receivable are…

Suppose the accounts receivable are arranged randomly. What kind of sampling she should choose? (b) (i) (ii) Explain your answer in Q4(b)(i).

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 10CYU

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Question

Q4. ANSWER FOR B

Q4
Aida is an auditor in a firm. She handles the long list of accounts receivable from her
firm. She verified the amounts on 5% of these accounts and estimate the average
difference between the audited and book values.
(a)
(i)
Suppose the accounts receivable are arranged chronologically, with the
older accounts tending to have smaller values. What kind of sampling
she should choose?
(ii)
Explain your answer in Q4(a)(i).
(b)
(i)
Suppose the accounts receivable are arranged randomly. What kind of
sampling she should choose?
(ii)
Explain your answer in Q4(b)(i).
Suppose the accounts are grouped by department and then listed
chronologically within departments. The older accounts again tend to
have smaller values. What kind of sampling she should choose?
(c)
(i)
(ii)
Explain your answer in Q4(c)(i).

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