The term "precision" relates to:
A)the difference between confidence level and estimated error.
B)the difference between confidence level and tolerable error.
C)the difference between expected and tolerable deviation rate.
D)the difference between expected and sample deviation rate.

Question

Quizplus · Accepted Answer

Precision in auditing refers to the difference between the expected deviation rate and the tolerable deviation rate, indicating how closely the sample results need to match the population characteristics.

The Term "Precision" Relates To