The Probability That an Auditor's Conclusion Based on a Sample

question 48

Multiple Choice

The probability that an auditor's conclusion based on a sample might differ from the auditor's conclusion based on the entire population identifies the concept of

• A)Sampling risk.
• B)Confidence levels.
• C)Statistical sampling.
• D)Tolerable rate and the expected deviation rate.

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Definitions:

Dotplot

A statistical chart consisting of data points plotted on a simple scale, used to visualize the distribution of a data set.

Tornadoes

Violently rotating columns of air that are in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud.

Heights

Measurements or distances from the base to the top of individuals or objects, often used in the context of recording physical stature.

Bimodal

Having two distinct peaks or modes in a distribution of data.