Cathy Williams is auditing the financial statements of Westerman Industries. In the performance of mean-per-unit...
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Accounting
Cathy Williams is auditing the financial statements of Westerman Industries. In the performance of mean-per-unit estimation of credit sales, Williams took a sample of 200 of the 10,000 items in the population (book value $3,000,000). The samples average book value is $295, and the average audited value is $290. Calculate the projected misstatement in the population.
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