Explain how the point estimate for the total population is calculated using stratified sampling. Calculate the point

Question:

Explain how the point estimate for the total population is calculated using stratified sampling. Calculate the point estimates for mean-per-unit, difference, and ratio estimation from the following information:

image text in transcribed

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

Step by Step Answer:

Related Book For book-img-for-question

Applications Of Statistical Sampling To Auditing

ISBN: 9780130391568

1st Edition

Authors: Alvin A. Arens, James K. Loebbecke

See More Books

Question Posted: May 17, 2024 03:01 AM

See More Questions

Calculate the combined standard error of the population if the standard deviation in question 8-4 is 500 in stratum 1 and 300 in stratum 2. (Ignore the finite correction factor.) Question 8-4:...
Assume a calculated sample size of 200 for question 8-14. Allocate this sample size to the two strata by the two methods described in the chapter. Question 8-14: Determine the required sample size...
Explain in what ways the decision-rule graph used in Chapter 7 to evaluate whether a population is materially misstated is similar to and different from the appropriate graph for stratified...
Develop two goals pertaining to your education, future career, or personal life. Each goal includes at least three objectives. Make sure your objectives include performance, conditions, and criteria....
Show that a) = x x. b) xy = (x x) (y y). c) x + y = (x y) (x y).
Why do you think it is important for a database to be self-describing?
After factory overhead has been applied to work in process, what does a credit balance in Factory Overhead indicate?
This trial balance of Michels Co. does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors:1....
K (Related to Checkpoint 11.1 and Checkpoint 11.4) (NPV and IRR calculation) East Coast Television is considering a project with an initial outlay of $X (you will have to determine this amount). It...
Explain how the standard deviation is calculated when stratified mean-per- unit sampling is used. What information is needed before the calculation can be made?
Explain why stratification with three or four strata is more likely to be used for mean-per-unit estimation than for difference or ratio estimation.
A single-phase source is applied to a two-terminal, passive circuit with equivalent impedance $Z=2.0 /-45^{\circ} \Omega$ measured from the terminals. The source current is \(i(t)=4 \sqrt{2} \cos...
Board independence Are a majority of the board members independent? Is there evidence that the board ever meets without the CEO present? F. Board over commitment How many times does the entire board...
On July 1, Davidson Corporation had the following capital structure: Common stock ($4 par value) Additional paid-in capital Retained earnings Treasury stock Required: $ 678,000 960,000 840,000...
Which point on the graph y=4x are closest to the point (0, 2)? (Hint: consider the distance formula between two points)
Rabbits and Sheep live in the same area. Rabbits have a net birth rate of 21 rabbits per one rabbit per year while sheep have a net birth rate of 4 sheep per one sheep per year. The competition for...
Rich Cole Control Devices, Inc., produces custom-built relay devices for auto makers. The most recent project undertaken by Cole requires 12 different activities. Cole's managers would like to...
A heat engine has a solar collector receiving 600 Btu/h per square foot inside which a transfer media is heated to 800 R. The collected energy powers a heat engine which rejects heat at 100 F. If the...
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
If 1EUR is equal to 1.4904CAD, then 1CAD is equal to how many EUR? a) 0.6710 b) 0.6453 c) 0.6767 d) 0.6545
A bartender school measures a bartender's accuracy when pouring a single shot which is very close to 44.36 milliliters. On one exam, the prospective bartender's pour 20 shots in a row in large...
All companies, irrespective of size, could suffer significant consequences if they engage in any of the practices that could be considered as corruption. Some of the key reasons for avoiding such...

Explain how the point estimate for the total population is calculated using stratified sampling. Calculate the point

Question:

Recorded Recorded Audited total total total Population Sample population sample sample Stratum size size value value value 11 400 50 1,000,000 130,000 128,000 2 600 100 500,000 85,000 84,000

Step by Step Answer:

Applications Of Statistical Sampling To Auditing

Students also viewed these Business questions