Question: Question 16 (3 marks) Multitek's auditor wants to verify the assumption that the average value of inventory (computers and computer accessories) is $2,000. A random

Question 16 (3 marks) Multitek's auditor wants to verify the assumption that the average value of inventory (computers and computer accessories) is $2,000. A random sample of 100 items from the inventory list yields a value established at $212,400. The difference observed between the value contained in the list of stocks and the value established by the verifier for the elements constituting the sample gives a standard deviation of $500. For a two-tailed test with a significance level of 10%, calculate the upper critical value of this test? 1883.68 2102.69 2116.32 2064.08 2082.24 2212.14
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
