Examlex
When the auditor is gathering evidence, if the source of the evidence is independent of the client, the auditor will conclude that the evidence is:
Confidence Level
The probability with which a statistical estimate can be expected to contain the true parameter value.
Confidence Interval
A band of values calculated from sample statistics, expected to enclose the value of a yet-to-be-identified population parameter.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points deviate from the mean.
Confidence Interval
A collection of values from sample statistics, which is anticipated to capture the value of an obscure population parameter.
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