Attributes Sampling for Testing Controls Should Only Be Done by the Auditor

question 96

True/False

Attributes sampling for testing controls should only be done by the auditor at the end of the fiscal period under audit.

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Definitions:

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all numbers by the count of numbers.

Discrete Probability Distribution

A statistical function that describes the likelihood of each possible outcome of a discrete random variable occurring.

Mean

The average of a set of values, calculated by summing all the values and dividing by the number of values.

Discrete Random Variable

A random variable that has countable outcomes, such as the number of heads in a series of coin flips.