Question: If a sample of 100 items indicates a deviation rate of 3 percent, should the auditors conclude that the entire population also has approximately a

If a sample of 100 items indicates a deviation rate of 3 percent, should the auditors conclude that the entire population also has approximately a 3 percent deviation rate?

Step by Step Solution

3.47 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Yes the auditors can conclude that the entire population has nearly 3 percent deviation rate H... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

336-B-A-A-A-N (3836).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!