Auditors can state the conclusions drawn from a confidence interval using statistical inference in different ways.

Question

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Auditors can use different phrases to state the conclusions drawn from a confidence interval, such as "there is a 95% likelihood that the true value falls within the interval," or "based on the sample, we can be 95% confident that the true value falls within the interval."

Auditors Can State the Conclusions Drawn from a Confidence Interval