Examlex
Auditors' understanding of the internal control in an entity contributes information for
Finite Population
A population set that contains a limited or countable number of elements or members.
Sample Size
Sample size refers to the number of individuals or observations included in a sample taken from a population for the purpose of statistical analysis.
Population Standard Deviation
The measure of variability that encompasses all the values in a given population.
Point Estimate
A single value (or point) that serves as the best guess or best estimate of a population parameter (like the mean or proportion).
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