Question: Below are two versions of the same table. You can use either the table on the left or the table on the right. Use the
Below are two versions of the same table. You can use either the table on the left or the table on the right. Use the table with which you are most fomiliar. Evaluate Sample Results There are 1,000 items with a book value of $2,908,144. The audit program instructed us to sample 100 items to test the hypothesis that inventory has an actual value greater than $2,617,330. The standard deviation is 1,200 and the sample mean is $2,800. Would you conclude the value of inventory exceeds $2.617.330 if we limit the Risk of Incorrect Acceptance (beta risk) to 20\%s? yes, because the sample mean exceeds $2.754.03 yes, because the sample mean exceeds $2,718.46 yes, because the sample mean exceeds $2,771.44 yes, because the sample mean exceeds $2.617.33 no, because the sample mean is loss than $3,062.25
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