Examlex
An auditor uses sampling to determine the reasonableness of an account balance by performing detailed analysis of items making up the account balance.
Population Parameters
Characteristics or measures that describe aspects of a statistical population, such as mean, variance, or standard deviation.
Proposed Package
A suggested set of measures, items, or conditions put forward for consideration or acceptance.
Percentage
A proportion or share expressed as a fraction of 100.
Inferential Statistics
The branch of statistics that allows making predictions or inferences about a population based on a sample of data drawn from that population.
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