Which of the following best describes what the auditor means by the exception rate in the attribute sampling plan? The
A)number of errors that can reasonably be expected to be found in a population.
B)frequency with which a certain characteristic occurs within a population.
C)degree of confidence that the sample is representative of the population.
D)dollar range within which the true population total can be expected to fall.

Question

Quizplus · Accepted Answer

The exception rate in the attribute sampling plan refers to the frequency with which a certain characteristic (or attribute) occurs within a population. This could be, for example, the rate of errors or defects found in a sample that is then used to estimate the rate of errors or defects in the entire population.

Which of the Following Best Describes What the Auditor Means