In a Classical Variables Sampling Application,the Auditor Determines There Is

question 75

Multiple Choice

In a classical variables sampling application,the auditor determines there is a 95 percent probability that the true (but unknown) value of an entity's accounts receivable is between $45,000 and $55,000.If the estimated population value is $50,000,the precision is

• A)$10,000
• B)$5,000
• C)95 percent
• D)5 percent

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Definitions:

I/O Configuration

The setup and organization of input/output modules in a control system, determining how signals are processed and communicated.

Consumed Tag

References data that come from another controller.

Produced Tag

A tag or identifier created during an automated process to track or signal specific data or conditions in a control system.

Controller Organizer Tree

The Controller Organizer Tree is a hierarchical structure used to organize and manage the different components and controllers within a control system.