There Are Many Kinds of Statistical Estimates That an Auditor

question 40

Multiple Choice

There are many kinds of statistical estimates that an auditor may find useful,but basically every statistical estimate in auditing is of either a quantity or of an error rate.The statistical terms that roughly correspond to "quantities" and "occurrence rate," respectively,are:

• A)Attributes and variable.
• B)Variables and attributes.
• C)Constants and attributes.
• D)Constants and variables.

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Definitions:

Blind

The state or condition of lacking visual perception due to physiological or neurological factors.

Population

The entire group of individuals or items from which samples may be drawn for statistical measurements.

Extrasensory Perception

The claimed ability to obtain information without using the known five senses; also known as ESP or sixth sense.

Replicable

Characteristics of a study or experiment that allow it to be duplicated or repeated by other researchers to verify findings.