Maurice Tutor

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Category > Management Posted 21 Jan 2018 My Price 4.00

population proportion of item

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?

 

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Maurice Tutor
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Status NEW Posted 21 Jan 2018 09:01 PM My Price 4.00

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