In Using Sampling Distribution for Attributes,which One of the Following
In using sampling distribution for attributes,which one of the following must be known to evaluate the sample results?
A) Estimated dollar value of the population
B) Standard exception of the values in the population
C) Actual exception rate of the attribute in the population
D) Sample size
When audit procedures have been completed for an attributes sampling application,the auditor must generalize from the sample to the population.Which of the following statements would be incorrect regarding this process?
A) The auditor would use an attributes sampling table to determine the computed upper exception rate.
B) If the sample size is not equal to those provided for in the attributes sampling evaluation tables, the auditor cannot use attribute sampling.
C) It would be wrong for the auditor to conclude that the population exception rate is exactly the same as the sample exception rate.
D) In selecting the table corresponding to the ARO, it should be the same as the ARO used for determining the initial sample size.
When deciding the acceptability of the population:
A) the methodology for deciding the acceptability of the population for attributes differs from determining the acceptability for nonstatistical sampling.
B) before the population can be considered acceptable, the CUER determined on the basis of the actual sample results must be less than or equal to TER when both are based on the same ARO.
C) when the CUER is greater than the TER, the auditor must increase the sample size.
D) the CUER is compared with the TER in total, not for each attribute.
In the evaluation of the results of an attributes sample,the fact that the exception rate in the sample was 2% rather than the estimated population exception rate of 4% would cause the computed upper exception rate to:
A) be less than the tolerable exception rate.
B) equal the tolerable exception rate.
C) exceed the tolerable exception rate.
D) cannot be determined from the information given.