For each item, select the proper statistical term. Terms are only used once and each item has only one correct answer.

For each item, select the proper statistical term. Terms are only used once and each item has only one correct answer.

Hanna, CPA, identified the item in which a selected dollar fell within.

Determined by multiplying the projected misstatement by the incremental change in the confidence factor minus one.

Determined as the difference between recorded and audited balances.

The maximum rate where an auditor accepts or rejects the reliance on an internal control.

Based on a statistical sample, Johnson, CPA, concluded the client's control was functioning effectively when the population deviation rate was actually unacceptable.

The likelihood of achieving a given level of precision.

Jensen, CPA, selected a sample of invoices associated with customer files drawn haphazardly from a file drawer but then used statistical sampling methods to make her incorrect conclusion about accounts receivable.

Determined by multiplying the sampling interval by the confidence factor.

Estimated based on prior audits or a pilot sample of controls.

Determined based on the tolerable deviation, expected deviation, and risk of overreliance.

A.	Sampling risk
B.	Nonsampling risk
C.	Sampling interval
D.	Precision interval
E.	Reliability
F.	Tolerable deviation rate
G.	Expected deviation rate
H.	Sample size
I.	Sample deviation rate
J.	Upper limit deviation rate
K.	Logical unit
L.	Tainting percentage
M.	Projected misstatement
N.	Actual misstatement
O.	Basic allowance for sampling risk
P.	Incremental allowance for sampling risk

Estimated based on prior audits or a pilot sample of controls.

Determined based on the tolerable deviation, expected deviation, and risk of overreliance.