Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an auditor is testing a control with statistical s

An auditor is testing a control with statistical sampling and determines the expected population deviation...

90.2K

Verified Solution

Question

Accounting

imageimage

An auditor is testing a control with statistical sampling and determines the expected population deviation rate to be 2% and the tolerable deviation rate to be 7%. The auditor confirms there are 3 deviations found within the sample. The total population contains 3,000 units. In theory when considering the entire population, how many divergent sampling units would the auditor be willing to accept and still conclude that the control is acceptably effective? (enter your answer in numeric format and include decimals if necessary)

1n\% Rick of cceccine Contral Rick Thn I nw 10\% Risk of scescinc Control Risk Ton I nW

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1/1/2009 Plymouth acquired 60% interest in Sander in exchangefor various considerations totaling $570,000. At...

Accounting
Q

6. Which of the following are steps toward measuring the distance to stars using spectroscopic parallax?...

Physics
Q

Question 1 The world post Covid 19 has created the concept of social distancing which will impact...

Operations Management
Q

1. Find general solutions of the following systems using undetermined coefficients. a.) x? = ?5x + 6y...

Advance Math
Q

3 The probability that a company will make a profit this year is 0 71...

Basic Math
Q

The z score corresponding to the beginning of the shaded region is 0 5 Using...

Statistics
Q

For the function f x xt3 find fixth f x h

Calculus
Q

jack wants to buy a sonic screwdriver for $1500. He can finance the cost with...

Algebra
Q

Chapter 08 Homework i 7 Part 2 of 3 1.87 points eBook Print References Mc...

Accounting
Q

Using the following income statement and additional year-end information. $1,783,000 873, 670 909, 330 SONAD...

Accounting
Q

which of the following would not be an account found in the financial statement? a....

Accounting
Q

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the...

Accounting