Define the terms precision ( allowance for sampling risk), reliability ( confidence), and precision interval.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
The precision or allowance for sampling risk is the numeric distance from the estimated populat...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
Define what is meant by sampling risk. Does sampling risk apply to nonstatistical sampling, MUS, attributes sampling, and variables sampling? Explain.
-
For what purposes is the planned allowance for sampling risk used in mean-per-unit sampling?
-
Define what is meant by absolute precision and relative precision when estimating a population proportion.
-
Question #1 The following table indicates the net cash flows of a capital asset: Year Net Cash Flow 0 $-8,400 1 $5,900 2 $6,200 Do not enter dollar signs or commas in the input boxes. Use the...
-
Mike was shopping in Produce Market when it was robbed. Mike suffered some injuries during the robbery and filed suit against Produce Market for not maintaining a secure environment for its...
-
What single amount on April 1, 1998, is equivalent to a series of equal, semiannual cash flows of $1000 that starts with a cash flow on January 1, 1996, and ends with a cash flow on January 1, 2005?...
-
Consider the multiple regression model fit to the National Football League team performance data in Problem 3.1. Problem 3.1 Consider the National Football League data in Table B.1. a. Construct a...
-
Journalize the entries to record the following selected bond investment transactions for Starks Products: a. Purchased for cash $120,000 of Iceline, Inc. 5% bonds at 100 plus accrued interest of...
-
Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January. January 1...
-
Sketch vo for each network of Fig. 2.177 for the input shown. Would it be a good approximation to consider the diode to be ideal for both configurations? Why? 120 V Si Si E - 20V
-
What methods of sample selection are appropriate to use with a statistical sampling plan? Why?
-
Describe the basic procedure used to evaluate sample results.
-
Estimate the fair value of China Netcoms operating licenses. Industry Shakeup Creates 3 Telecom Giants, China Daily, 25 May 2008 In a brave industry shake-up, Beijing has ordered its six telecom...
-
Marigold Manufacturing Company reported the following year-end information: beginning work in process inventory, $79100; cost of goods manufactured, $980700; beginning finished goods inventory,...
-
As a tax professional, understanding the key components associated with taxation is crucial for ensuring accurate financial reporting and compliance. Accounting profit represents the profit reported...
-
Landmines Cheap and easy to deploy, many fighting forces routinely use mines to defend a frontier, deny opponents the use of a road, and many other purposes. Often these landmines remain active long...
-
Swifty Company received proceeds of $159800 on 10-year, 8% bonds issued on January 1, 2018. The bonds had a face value of $170000, pay interest annually on January 1, and have a call price of 101....
-
5 9.09 points Skipped eBook Hint Print References Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is...
-
Solve the differential equation. 8. dy dt + 12 dy dt + 5y = 0
-
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
-
Suppose the government needs to borrow money to pay for fighting a war in a foreign land. Show that increased borrowing by the government-an increase in the government's demand for money at any given...
-
To what extent is the auditor responsible for illegal acts that do not have a material, direct impact on the financial statements? Does the auditors responsibility for material financial statement...
-
How do disclosures required by GAAP affect the auditors responsibilities for related party and related party transaction information? Why is the auditor concerned if management makes disclosures...
-
What is substantial doubt about going concern? For what period of time after the close of the fiscal year does the auditor need to assess going concern? From what sources does the auditor get...
-
What is one specific security tactics to protect the network. Identify specific tools selections to accomplish compliance and audit requirement Describe how alerts would be collected and presented...
-
1. Solve each equation for x, where 0x & a) sin x-= 0 b) cosx-3 cosx+2=0
-
Explain Article III Standing, and explain how to achieve standing. b) Explain Negligence, and provide an example of a Negligence claim. c) What happened in the case of Genesco v. Visa? d) Explain the...
Study smarter with the SolutionInn App