When Making Statistical Inferences, the Auditor Must Remember That

question 16

Multiple Choice

When making statistical inferences, the auditor must remember that

• A) the true population value must always be known.
• B) auditors can state the conclusions drawn from a confidence interval in different ways.
• C) there can be no possibility that the sample is not sufficiently representative of the population.
• D) the knowledge of sampling distributions does not help the auditors to draw statistical conclusions.

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Definitions:

Metaethics

The branch of philosophy that analyzes the meaning and nature of moral terms, judgments, and arguments.

Normative Ethics

The branch of ethics concerned with establishing how things should or ought to be, how to value them, which actions are right or wrong, and which traits of character are good or bad.

Applied Ethics

The branch of ethics that deals with the analysis of specific, controversial moral issues such as abortion, animal rights, and euthanasia.

Method Ethics

An approach to ethics that focuses on the procedures or methods used to make moral decisions, rather than on the outcomes of the decisions.