Answer:
The correct answer is
d. Sampling Interval = Population size ÷ Sample size.
Step-by-step explanation:
According to Johnstone et al., (2014) "<em>Once the auditor has determined the appropriate sample size, a sampling interval is calculated by dividing the population size by the sample size.</em>"
Thus,
Sampling Interval = Population size ÷ Sample size.
Johnstone, K., Rittenberg, L. and Gramling, A. (2014). <em>Auditing: A Risk-Based Approach to Conducting a Quality Audit.</em> Ninth Edition.
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<span>First we calculate z using the formula:
z = (x - μ)/σ</span>
Where:
x = our variable, 10
μ = mean, 8
σ = standard dev, 2
Substituting known
values:<span>
z = (10 - 8)/2
z = 2/2
z = 1
Using the tables of
the normal distribution to find the p-value with z = 1
p = 0.8413
Since we want
"greater than 10”, we need to subtract the probability from 1
therefore
p* = 1 - 0.8413 = <span>0.1587</span></span>
Answer:
2 pens for $0.90 is better
Step-by-step explanation:
