Examlex
Which of the following is most correct when using audit sampling for exception rates?
Equal Alternatives
Choices or options that are considered to have the same value or importance, making them equally preferable.
Probabilities
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Different Probability
The branch of mathematics concerning the analysis and quantification of the likelihood of various outcomes differing from each other.
Outcome Probabilities
The likelihoods associated with the possible outcomes of a random process or experiment.
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