Recognizing the Need for a Follow-Up Audit Is the Responsibility

question 61

Multiple Choice

Recognizing the need for a follow-up audit is the responsibility of the

• A) lead auditor
• B) corrective action team
• C) client
• D) auditee

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Definitions:

Population Mean

The average value of a set of characteristics within a full population, calculated by summing all the values and dividing by the number of observations.

Sample Mean

The average value of all the observations in a sample, calculated as the sum of the observations divided by the number of observations in the sample.

Confidence Interval

It expresses the degree of uncertainty or certainty in a sampling method, represented as a range within which an estimated parameter is expected to lie.

Alpha (α)

In statistics, it represents the significance level, a threshold determining the probability of rejecting a true null hypothesis.