An auditor planning tests of controls specifies a risk of assessing control risk too low of 10 per cent and a tolerable deviation rate of eight per cent and expects one deviation. For these specifications, the planned sample size should be in which range: (Use the following table to determine your answer.)
Number of factors for sampling risks of:
Definitions:
Symmetrical
In statistics, refers to a shape or distribution that is the same on both sides of the center.
Positively Skewed
A distribution shape where the tail is longer on the right side, indicating that there are a number of exceptionally high values.
Distribution of Exam Scores
Refers to the frequency and pattern of marks obtained by students across an examination, typically visualized as a graph or described with statistical measures.
Negatively Skewed
Describes a distribution of data where the tail is longer on the left side of the distribution's peak, indicating more values are to the right of the mean.
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