Question: PPS SAMPLING: Use Table 13.8 and the information below to answer the questions. Assume that with a sample size of 28, and a random start

PPS SAMPLING: Use Table 13.8 and the information below to answer the questions.

Assume that with a sample size of 28, and a random start of $20 000, you found an overstatement in sample #5 of $53 and an understatement in sample #16 of $6.

a Calculate where those errors occurred, assuming an assurance factor of 1.8.

b Determine whether the errors found exceed the tolerable misstatement.

c Extrapolate those errors to the population. What are the implications?

d Prepare a working paper showing your work, your results and your conclusions.

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