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When estimating by sampling the real value of small items in the inventory of a large...

When estimating by sampling the real value of small items in the inventory of a large company, the actual value and book value for each item in the sample were recorded. For the total sample, the ratio between the actual value and the book value was 1,021, this estimate is distributed approximately normally with a standard error of 0.0082. If the book value of the inventory is $ 80,000, calculate 95% confidence limits for the actual value.
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Margin of Error = 1.96 40.0082 = 0.016072 C1 @ 95). = (1021 + 0.016072) = (1,0370 72 » 1.004928) Contidence limits (soooo x 1

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