AUDITING & ASSURANCE SERV.>CUSTOM<W/AC
AUDITING & ASSURANCE SERV.>CUSTOM<W/AC
8th Edition
ISBN: 9781266045905
Author: LOUWERS
Publisher: MCG CUSTOM
Question
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Chapter E, Problem 60EP

a.

To determine

Explain the terms precision and reliability and describe the relationship between these two terms.

b.

To determine

Provide the precision interval for this situation and the statement given by the person B regarding the sample evidence.

c.

To determine

Explain the effect of lower sampling risk of 5% (as desired) on the precision interval.

d.

1.

To determine

Calculate the precision level according to this situation.

2.

To determine

Calculate the precision level according to this situation.

3.

To determine

Calculate the precision level according to this situation.

e.

To determine

Explain the causes of differences in the relationship renowned in requirement d.

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