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Calculate the projected misstatement in a population using ratio projection. Tolerable Misstatement $20,000 Materiality $50,000 Sample size $ 6,024 Population size $ 547,021 Sample misstatement $ 174 Sample item number 1,365 Population item number 90,893

Calculate the projected misstatement in a population using ratio projection. Tolerable Misstatement $20,000 Materiality $50,000 Sample size $ 6,024 Population size $ 547,021 Sample misstatement $ 174 Sample item number 1,365 Population item number 90,893

Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter5: Probability: An Introduction To Modeling Uncertainty
Section: Chapter Questions
Problem 28P
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Calculate the projected misstatement in a population using ratio projection.

Tolerable Misstatement $20,000

Materiality $50,000

Sample size $ 6,024

Population size $ 547,021

Sample misstatement $ 174

Sample item number 1,365

Population item number 90,893

 

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