Compare the formula to calculate the computed precision interval for ratio estimation (Figure 6-3) to the one

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Compare the formula to calculate the computed precision interval for ratio estimation (Figure 6-3) to the one for difference estimation (Figure 5-4). In what way are they different ?

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Applications Of Statistical Sampling To Auditing

ISBN: 9780130391568

1st Edition

Authors: Alvin A. Arens, James K. Loebbecke

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Question Posted: May 17, 2024 03:00 AM

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Compare the formula to calculate the computed precision interval for ratio estimation (Figure 6-3) to the one

Question:

where: N CPI N.Z.SD = CPI = computed precision interval N = population size Z = confidence coefficient (two-sided) for CL desired SD = estimated population standard deviation n = sample size finite correction factor FIGURE 6-3 The computed precision interval at the desired con- fidence level

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Applications Of Statistical Sampling To Auditing

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