Find true proportion of incomplete files commerical loans

Reference no: EM13151496

an auditor wants to estimate what proportion of a bank's commercial loan files are incomplete. The auditor randomly samples 80 files and finds 12 are incomplete. using a 95% confidence interval, estimate the true proportion of incomplete files for all the bank's commerical loans. write a statement about the confidence level and intervel youn find?

Reference no: EM13151496

Questions Cloud

Book value method to record the conversion : Use the book value method to record the conversion of $9 million of bonds into common stock with a $10 par value if conversion occurred when the market price of the common was $24 per share, and total convertible debt outstanding amounted to $36 m..

Cyber attacks in public companies" : , analyze the effects of the SEC's data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks..

Find probability of producing more than three faulty chips : Using suitable probability model, calculate the probability of producing more than 3 faulty chips per hour.Explain the reasons for choosing your probability model.

Reasonable allocation of the amount : In 2005, 509 Brunswick Avenue was sold for $550,000. A reasonable allocation of this amount is considered to be 75% to the building and 25% to the land.

Find true proportion of incomplete files commerical loans : Estimate the true proportion of incomplete files for all the bank's commerical loans. write a statement about the confidence level and intervel youn find?

What price and quantity will prevail if the monopolist : What price and quantity will prevail if the monopolist isn’t regulated? What price-output combination would exist with efficient pricing (MC = P)?

Leverage and profitability ratios : Explain whether the ratios are leverage or profitability ratios. If a leverage ratio, is it coverage or capital structure? What is the difference between the two? If a profitability ratio, discuss why it is not completely satisfactory for measurin..

Draw and label a section of human scalp : carefully draw and label a section of human scalp. elaborate on the functional histology of all "epidermal derivatives" present in this drawing.

Contribution margin per unit problem : Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs. Contribution margin per unit is:

User Account

All Pages