If an Auditor Were to Calculate an Estimate of the Errors

question 26

Multiple Choice

If an auditor were to calculate an estimate of the errors by direct projection from the sample to the population and found $7000 of net overstatement errors in a sample of $100 000 out of a total population of $900 000, the estimate of errors in the population is

• A) $6300.
• B) $778.
• C) $63 000.
• D) $77 778.

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Definitions:

Avery, MacLeod, McCarty

A scientific team that demonstrated DNA as the substance responsible for transferring genetic information, laying groundwork for modern molecular biology.

Transforming Substance

A factor or component that induces change or transformation in a substance, often used in context with genetic material.

R Bacteria

Bacteria that possess a smooth (R) colony morphology, often referenced in studies of bacterial genetics.

Chargaff's Rule

The observation that DNA from any cell of all organisms has a 1:1 ratio of pyrimidine and purine bases; specifically, adenine pairs with thymine and cytosine pairs with guanine.