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V 4.30 An auditor randomly samples 20 accounts receivable from the 500 accounts of a certain firm. The auditor lists the amount of each account and checks to see whether the Samed with Cansan 4.7 SUMMARY 89 underlying documents are in compliance with stated prócedures. The data are as follows (amounts in dollars, Y = yes, N = no): Account Amount Compliance Account Amount Compliance 1 278 192 310 94 86 335 310 Y Y 188 212 11 12 13 14 15 16 17 18 92 56 142 4 7 8 37 186 221 290 221 168 19 219 10 20 305 Estimate the total accounts receivable for the 500 accounts of the firm, and place a bound on the error of estimation. Do you think that the average account receivable for the firm exceeds $250? Why?

V 4.30 An auditor randomly samples 20 accounts receivable from the 500 accounts of a certain firm. The auditor lists the amount of each account and checks to see whether the Samed with Cansan 4.7 SUMMARY 89 underlying documents are in compliance with stated prócedures. The data are as follows (amounts in dollars, Y = yes, N = no): Account Amount Compliance Account Amount Compliance 1 278 192 310 94 86 335 310 Y Y 188 212 11 12 13 14 15 16 17 18 92 56 142 4 7 8 37 186 221 290 221 168 19 219 10 20 305 Estimate the total accounts receivable for the 500 accounts of the firm, and place a bound on the error of estimation. Do you think that the average account receivable for the firm exceeds $250? Why?

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 31E
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V 4.30 An auditor randomly samples 20 accounts receivable from the 500 accounts of a certain firm. The auditor lists the amount of each account and checks to see whether the Samed with Candanne 4.7 SUMMARY 89 underlying documents are in compliance with stated prócedures. The data are as follows (amounts in dollars, Y = yes, N = no): Account Amount Compliance Account Amount Compliance 1 278 192 310 94 86 335 310 290 221 168 Y Y 188 212 92 11 12 13 14 15 16 17 18 19 20 4 6 7 8 56 142 37 186 221 219 10 305 Estimate the total accounts receivable for the 500 accounts of the firm, and place a bound on the error of estimation. Do you think that the average account receivable for the firm exceeds $250? Why?
Transcribed Image Text:V 4.30 An auditor randomly samples 20 accounts receivable from the 500 accounts of a certain firm. The auditor lists the amount of each account and checks to see whether the Samed with Candanne 4.7 SUMMARY 89 underlying documents are in compliance with stated prócedures. The data are as follows (amounts in dollars, Y = yes, N = no): Account Amount Compliance Account Amount Compliance 1 278 192 310 94 86 335 310 290 221 168 Y Y 188 212 92 11 12 13 14 15 16 17 18 19 20 4 6 7 8 56 142 37 186 221 219 10 305 Estimate the total accounts receivable for the 500 accounts of the firm, and place a bound on the error of estimation. Do you think that the average account receivable for the firm exceeds $250? Why?
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