The interpretation of the ULRD in an attributes sampling application isa. The estimated rate of deviation in the population with probability equal to the risk ofoverreliance that the population deviation rate is higher.b. The estimated rate of deviation in the population with probability equal to the risk ofoverreliance that the actual rate of deviation is lower.c. The estimated rate of deviation in the population with certainty that the actual rate ofdeviation is lower.d. The estimated rate of deviation in the population with certainty that the actual rate ofdeviation is higher.
The interpretation of the ULRD in an attributes sampling application isa. The estimated rate of deviation in the population with probability equal to the risk ofoverreliance that the population deviation rate is higher.b. The estimated rate of deviation in the population with probability equal to the risk ofoverreliance that the actual rate of deviation is lower.c. The estimated rate of deviation in the population with certainty that the actual rate ofdeviation is lower.d. The estimated rate of deviation in the population with certainty that the actual rate ofdeviation is higher.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The interpretation of the ULRD in an attributes sampling application is
a. The estimated rate of deviation in the population with probability equal to the risk of
overreliance that the population deviation rate is higher.
b. The estimated rate of deviation in the population with probability equal to the risk of
overreliance that the actual rate of deviation is lower.
c. The estimated rate of deviation in the population with certainty that the actual rate of
deviation is lower.
d. The estimated rate of deviation in the population with certainty that the actual rate of
deviation is higher.
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