Answer_study guide ExamII Updated

Answer_study guide ExamII Updated - AV of...

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Practice Question Set for Exam II Answer: 1. B 2. D 3. A 4. C 5. B 6. A 7. A 8. B 9. A 10. A 11. A 12. A 13. A 14. A 15. C 16. C 17. C Solution for 2,3,4: 2. Audited mean of sample= Audited mean of population=(50K+4K)/1000=54 Audited value of sample=54*100=5400 3. AV/BV in the sample=AV/BV in population
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Unformatted text preview: AV of sample/1000=144K/120K AV of sample=1200 4. Difference per unit in sample=Difference per unit in population=(1200-1000)/100=2 Audited value of population=120K+2*10K=140K...
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