[All Steps] Invoice errors in a billing system. In a study of invoice errors in a company's new billing system, an auditor randomly sampled 35 invoices produced


Question: Invoice errors in a billing system. In a study of invoice errors in a company's new billing system, an auditor randomly sampled 35 invoices produced by the new system and recorded actual amount (A), invoice amount (I), and the difference (or error), x = (A ð!ð I). The results were 1. = $1 and s = $124. At the time that the sample was drawn, the new system had produced 1,500 invoices. Use this information to find an approximate 95% confidence interval for the true mean error per invoice of the new system. Interpret the result.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in