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Category > Statistics Posted 08 May 2017 My Price 5.00

An auditor needs to estimate the percentage

 

An auditor needs to estimate the percentage of times a company fails to follow an internal control procedure. A sample of 50 from a population of 1,000 items is selected, and in 7 instances, the internal control procedure was not followed.

a. Construct a 90% one-sided confidence interval estimate of the population proportion of items in which the internal control procedure was not followed.

b. If the tolerable exception rate is 0.15, what should the auditor conclude?

 

 

 
 

Answers

Alpha Geek
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Status NEW Posted 08 May 2017 04:05 PM My Price 5.00

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