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:

Systematic Desensitization

A behavior therapy that treats anxiety by teaching the client to associate deep relaxation with increasingly intense anxiety-producing situations.

Feared Situation

A scenario or setting that induces a heightened state of fear or anxiety in an individual.

Beck's Cognitive Therapy

A form of psychotherapy developed by Aaron T. Beck that identifies and helps change negative thought patterns and behaviors.

Illogical Thoughts

Thinking patterns that are irrational or lack sound reasoning.