The following information results from a nonstatistical sampling routine used

    The following information results from a nonstatistical sampling routine used for a confirmation of accounts receivable. What is the estimate of the total
    misstatement?

    Population

    ISI (Top Stratum) Number: 7 Amount: 700000

    Stratum 1 Number: 74 Amount: 750000

    Stratum 2 Number: 212 Amount: 250000

    Total Number: 292 Amount: 1700000

    Sample

    ISI (Top Stratum) Number: 7 Amount: 700000 Misstatement: 2200

    Stratum 1 Number: 10 Amount: 100000 Misstatement: 1000

    Stratum 2 Number: 10 Amount: 12000 Misstatement: 1200

    Total Number: 27 Amount: 812000 Misstatement: 4400

    What is your best estimate of the total projected misstatement? Show your work.

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