The level of assurance that the sample is representative of the population is referred to as _______.
A)the desired level of assurance that tolerable misstatement is not exceeded by the actual misstatement in the population
B)tolerable misstatement
C)the amount of expected misstatement in the population
D)the amount of misstatement in the population

Question

Quizplus · Accepted Answer

The level of assurance that the sample is representative of the population is typically called the "confidence level." This is the desired level of assurance that tolerable misstatement is not exceeded by the actual misstatement in the population.

The Level of Assurance That the Sample Is Representative of the Population