User Account

All Pages

Calculate an estimate of the average error per case

Assignment Help Basic Statistics
Reference no: EM131303837

Problem -

The sampling plan below was used in a statistical audit. The columns of the table list the strata indices, strata sizes, sample sizes and a description of the strata.

1

25

25

> $ 40,000.00

2

250

50

15,000.00 - 40,000.00

3

450

38

5,001.00 - 14,999.00

4

800

32

1,000.00 - 5,000.00

5

2,000

30

< 1,000.00

Totals

3,525

100

 

The means and standard deviations of erroneously paid dollars by strata were ($10,045, $623), ($8,756, $401), ($4,265, $211), ($809, $75) and ($53, $45), respectively

1. Calculate an estimate of the average error per case in the sampling frame (population) and a 90 % confidence interval for the same.

2. Calculate an estimate of the total dollars in error in the sampling frame (population) and a 90 % confidence interval for the same.

Verified Expert

In this assignment, we were required to calculate an estimate of the average error per case in the sampling frame (population) and an estimate of the total dollars in error in the sampling frame for 90 % confidence interval for the sampling plan being used in a statistical audit containing data of strata indices, strata sizes, sample sizes and a description of the strata.

Reference no: EM131303837

Questions Cloud

What is the european monetary union : What is pegging? What advantages does pegging offer, and what problems can it run into? What is the controversy over China's pegging the value of the yuan?
Identify a familiar type of retail store or product : Identify a familiar type of retail store or product. Recommend at least three sales promotion methods that should be used to promote the store or product.
What is a speculative attack on a country''s currency : Why may a central bank be unwilling to maintain an undervalued currency, as, for instance, the Bundesbank was unwilling to maintain the undervalued deutshe mark in 1971?
Identify three features of terralign software : Identify three features of TerrAlign software that are likely to benefit salespeople.- Identify three features of TerrAlign software that are likely to benefit sales managers.
Calculate an estimate of the average error per case : The sampling plan below was used in a statistical audit. The columns of the table list the strata indices, strata sizes, sample sizes and a description of the strata. Calculate an estimate of the average error per case in the sampling frame (popul..
Write a method to computer the given series : Write a method to computer the following series: m(i) = 1/2 + 2/3 + . . . + i/i + 1. Write a test program that displays the following table: I m(i) 1 0.5000 2 1.1667 . . . 19 16.4023 20 17.3546.
Why were they even more hesitant to pursue a revaluation : What is the difference between a devaluation and a depreciation? Why were countries hesitant to pursue a devaluation? Why were they even more hesitant to pursue a revaluation?
Identify information systems that exist in organisation : What problems do the previous information systems solve - what is the impact of using the previous information systems on the organization?
Why is solutions selling more complex than hardware : Why is solutions selling more complex than hardware and software selling? Identify the sales skills needed for each approach?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd