The Auditor Must Deal with Layers of the Computed Upper

question 71

Multiple Choice

The auditor must deal with layers of the computed upper deviation rate from the attributes table because there are different error assumptions for each error.Assume a sample of 100 had found one error,and the computed upper deviation rate is shown in the following table: The precision limit for the layer with one error is:

• A) 2.3%.
• B) 3.8%
• C) 6.1%.
• D) 1.5%.

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Definitions:

Population Mean

Population mean is the average of all the values in a population.

Standard Deviation

A statistic that measures the dispersion or variation of a dataset relative to its mean, indicating how spread out the data points are.

Population Mean

The average value of all items in a population, representing the central point of a data set.

Confidence Interval

A range of values, derived from sample statistics, that is used to estimate the true value of a population parameter with a certain level of confidence.