5. An accounting firm is interested in estimating the error rate in a compliance audit it isconducting. The population contains 828 claims, and the firm audits an SRS of 85 ofthose claims. In each of the 85 sampled claims, 215 fields are checked for errors. Oneclaim has errors in 4 of the 215 fields, 1 claim has three errors, 4 claims have twoerrors, 22 claims have one error, and the remaining 57 claims have no errors.a. Treating the claims as psu's and the observations for each field as ssu's,estimate the error rate for all 828 claims. Give a standard error for yourestimate.b. Estimate the total number of errors in the 828 claims. Give a standard error forthis estimate.c. Suppose that, instead of taking a cluster sample, the firm takes an SRS of 85 x215=18,275 fields from the 178,020 fields in the population. If the estimatederror rate from the SRS is the same as in part (a), what will be the estimatedvariance under SRS? How does this compare with the estimated variance frompart (a)?

Total number of claims N=828Sampled claims N=85Number of fields checked in each claim ssu=215

Answered: 5. An accounting firm is interested in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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