Ask Question
BusinessBusiness
11 December, 15:01

The sample exception rate equals

A. the number of exceptions in the population divided by the population size.

B. the number of exceptions in the sample divided by the sample size.

C. the number of items in the population multiplied by the number of exceptions in the sample.

D. the number of exceptions in the population divided by the sample size.

+1
Answers (1)
  1. 11 December, 15:10
    0
    B. The number of exceptions in the sample divided by the sample size.

    Explanation:

    Is a statistical test to know the number of exceptions in a sample. An exception is an observation that deviates from the tested characteristic. Auditors use this test to know if the sampling process was appropriate. Other tests used to know if the sampling process was appropriate are: acceptable risk of assessing control, estimated population exception rate and tolerable exception rate.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The sample exception rate equals A. the number of exceptions in the population divided by the population size. B. the number of exceptions ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When Theo complained out loud that the hotel restaurant did not serve breakfast late enough in the morning, a hotel worker overheard him and went to the kitchen.
Answers (1)
Distinguishing between controllable and noncontrollable costs on a performance report may result in: a decrease in goal congruent behavior by managers. an increase in the effectiveness of a cost management system.
Answers (1)
Sadie is getting ready to go to work where she earns $70 a day as a day laborer. Her friend Caroline calls her and asks her to go swimming with sharks for the day. Sadie decides to go with her.
Answers (1)
Use the information below to determine the amount saved if each invoice is paid in time to take advantage of the trade credit discount Invoice amount trade credit terms amount saved $1,300 2/10, n/30 $10,000 3/15, n/90 $22,460 2/10, n20 $645 1/15,
Answers (1)
You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year over the next four years, respectively? Round to the second decimal place.
Answers (1)
New Questions in Business
Ros Corporation's flexible budget cost formula for indirect materials, a variable cost, is $0.90 per unit of output.
Answers (1)
The process by which goods, services, or ideas are used and transformed into value is referred to as cost behavior analysis.
Answers (1)
Globalization increases the interdependency of the world's countries. Inflation in one country would most likely
Answers (1)
On July 9, Sheb Company sells goods on credit to Wooley Company for $5,000, terms 1/10, n/60. Sheb receives payment on July 18. The entry by Sheb on July 18 is: A. Cash 5,000 Accounts Receivable 5,000 B.
Answers (1)
Writ (T) for True and (F) for False Statements: 1. All desires of human beings are known as 'Demand'. 2. Demand is inversely related with income of the consumer. 3. Supply is the quantity which actually brought by the seller to sell in the market. 4.
Answers (1)
Home » Business » The sample exception rate equals A. the number of exceptions in the population divided by the population size. B. the number of exceptions in the sample divided by the sample size. C.
Sign Up Forgot Password?