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Between quarterly audits, a company checks its accounting procedures to detect problems before they become serious. The accounting staff processes payments on about 120 orders each day. The next day a supervisor checks 10 of the transactions to be sure they were processed properly.

(a) Propose a sampling strategy for the supervisor.

(b) How would you modify the sampling strategy if the company makes both wholesale and retail sales that require different boookkeeping procedures?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91021515

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