Question
Compute the estimated population deviation rate for the following scenario: The auditor tests a sample of 73 instances of a control functioning out of a
Compute the estimated population deviation rate for the following scenario:
The auditor tests a sample of 73 instances of a control functioning out of a population of 5,300. She finds that the control failed to function properly in 6 cases.
- 1.1%
- 8.2%
- 5.4%
- 6%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Data Analytics for Accounting
Authors: Vernon Richardson
1st edition
1260375196, 9781260375183 , 978-1260375190
