The upper precision limit (CUER) in statistical sampling is(1) the percentage of items in a sample that possess a particular attribute.(2) the percentage of items in a population that possess a particular attribute.(3) a statistical measure, at a specified confidence level, of the maximum rate ofoccurrence of an attribute.(4) the maximum rate of exception that the auditor would be willing to accept inthe population without altering the planned reliance on the attribute.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
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Problem 18CYBK
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The upper precision limit (CUER) in statistical sampling is
(1) the percentage of items in a sample that possess a particular attribute.
(2) the percentage of items in a population that possess a particular attribute.
(3) a statistical measure, at a specified confidence level, of the maximum rate of
occurrence of an attribute.
(4) the maximum rate of exception that the auditor would be willing to accept in
the population without altering the planned reliance on the attribute.

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