An Important Statistic to Consider When Using a Statistical Sampling

question 10

Multiple Choice

An important statistic to consider when using a statistical sampling audit plan is the population variability. The population variability is measured by the:

• A) Sample mean.
• B) Standard deviation.
• C) Standard error of the sample mean.
• D) Estimated population total minus the actual population total.

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Definitions:

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Herbal Remedies

Natural medicine prepared from plants and used to prevent or treat illnesses or disorders.

Spiritualist Healer

An individual who uses spiritual or religious practices to facilitate the healing of physical or emotional ailments.

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