There are many kinds of statistical estimates that an auditor may find useful,but basically every statistical estimate in auditing is of either a quantity or of an error rate.The statistical terms that roughly correspond to "quantities" and "occurrence rate," respectively,are:
A)Attributes and variable.
B)Variables and attributes.
C)Constants and attributes.
D)Constants and variables.

Question

Quizplus · Accepted Answer

According to auditing standards and practices, statistical estimates in auditing can be either of a quantity (variable) or an error rate (attribute). Variables represent quantities that can be measured and expressed numerically, whereas attributes represent the proportion or percentage of items that possess a certain characteristic or behavior. Therefore, the correct statistical terms that correspond to quantities and error rates are variables and attributes, respectively. The other options are not relevant to the context of statistical estimates in auditing.

There Are Many Kinds of Statistical Estimates That an Auditor