Whenever a Statistical Method Is Used,a Decision Rule Determines Whether

question 55

Multiple Choice

Whenever a statistical method is used,a decision rule determines whether the population is acceptable.The decision rule for dollar-unit sampling is "Accept the conclusion that the book value is not misstated by a material amount if

• A)the upper error bound falls between the understatement and overstatement tolerable misstatement amounts."
• B)both the lower and upper error bound fall between the understatement and overstatement tolerable misstatement amounts."
• C)both the understatement and overstatement tolerable misstatement amounts fall between the upper and lower error bound."
• D)the overstatement tolerable misstatement amount falls between the lower and upper error bound."

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