Multiple Choice
When making statistical inferences, the auditor must remember that
A) the true population value must always be known.
B) auditors can state the conclusions drawn from a confidence interval in different ways.
C) there can be no possibility that the sample is not sufficiently representative of the population.
D) the knowledge of sampling distributions does not help the auditors to draw statistical conclusions.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: The auditor must do misstatement analysis to
Q12: Which of the following would lead to
Q13: Both sampling and nonsampling risks are associated
Q14: Factors considered by an auditor to determine
Q15: An auditor using nonstatistical sampling cannot formally
Q17: An important statistic to consider when using
Q18: The auditor may be able to use
Q19: Difference estimation frequently results in smaller sample
Q20: When drawing statistical inferences about the population
Q21: The most commonly used method of statistical