An important statistic to consider when using a classical statistical sampling audit plan is the population variability.
Question:
An important statistic to consider when using a classical 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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The population variability refers to the extent to which individual values in a population diff...View the full answer
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Related Book For 
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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