4-12 An auditor of a small business has sampled 50 of 700 accounts. The sample mean total receivables is $453, and the standard deviation is $86. Find a 95% confidence interval for the total amount of receivables.© BrainMass Inc. brainmass.com June 19, 2018, 6:22 pm ad1c9bdddf
This solution explains the 95% confidence interval for mean. A step-by-step explanation of this topic provides students with a basic understanding of a 95% confidence interval for mean.