# Calculate the confidence limits of the population mean at a confidence level of 95% if one sample

## Question:

Calculate the confidence limits of the population mean at a confidence level of 95% if one sample of 100 items resulted in a point estimate of the mean of \($937\) and a standard error of the mean of \($126\). What assumptions are necessary before the calculated confidence limits can be considered reliable? State the results of the calculation in words.

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**

## Applications Of Statistical Sampling To Auditing

**ISBN:** 9780130391568

1st Edition

**Authors:** Alvin A. Arens, James K. Loebbecke