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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