The Tolerance Interval of 95

question 49

Multiple Choice

The tolerance interval of 95.44 percent is ________ a 95.44 percent confidence interval.

• A)The same width as
• B)Narrower than
• C)Wider than

---

Definitions:

Journal Entries

The method by which all business transactions are initially recorded, using a system of debits and credits, to maintain the financial records of an entity.

Segregation Of Duties

A key internal control that prevents fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.

Custody

The protective care or guardianship of someone or something, often referring to the control over assets or minors.

Bonding Employees

A fiduciary process where employees are covered by a bond to protect the employer against losses from the acts of fraud or dishonesty by the employees.