Carrie found an error in the sample she tested from the population of accounts receivable that was over 90 days old.The error found by Carrie should be extrapolated to the population of
A)all past-due accounts receivable.
B)accounts receivable over 90 days.
C)all accounts receivable.
D)current accounts receivable.

Question

Quizplus · Accepted Answer

Carrie found an error in the sample she tested from the population of accounts receivable that was over 90 days old, so it should be extrapolated to the population of accounts receivable over 90 days only. Extrapolating this error to all past-due or all accounts receivable would be incorrect because the error may not be present in those populations. Extrapolating the error to current accounts receivable would also be incorrect because the error is specific to accounts receivable that are over 90 days old.

Carrie Found an Error in the Sample She Tested from the Population