In Applying Classical Variables Sampling, an Auditor Attempts To

question 51

Multiple Choice

In applying classical variables sampling, an auditor attempts to:

• A)estimate a qualitative characteristic of interest.
• B)determine various rates of occurrence for specified attributes.
• C)discover at least one instance of a critical deviation.
• D)predict a monetary population value within a range of precision.

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Definitions:

Sample

A subset of individuals from a larger population used to conduct research or test theories.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together. A higher absolute value suggests a stronger relationship.

Restriction Of Range

A problem when scores on a variable are limited to a small subset of their possible values; this makes it more difficult to identify relationships of the variable to other variables of interest.

Correlation Coefficients

Numerical measures indicating the strength and direction of a linear relationship between two quantifiable variables.