Confidence interval estimate of the total population


A company has 1,300 items. In a sample of 120 items, the historical cost of each item was compared with the audited value, and 10 items differed in their historical costs and audit values. Construct a 99% confidence interval estimate of the total population difference in the historical cost and audited value.

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Basic Statistics: Confidence interval estimate of the total population
Reference No:- TGS0744930

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