The following information is available for 50 sample items: Population size is 2,100 items, recorded book value
Question:
The following information is available for 50 sample items:
Population size is 2,100 items, recorded book value is \($1,235,000,\) the risk of incorrect rejection is .10, the risk of incorrect acceptance is .05, and the sample standard deviation is \($46.\)
Required:
Formulate a conclusion for the above data assuming difference estimation is used. Show all work supporting your conclusion.
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Somshukla Chakraborty
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