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book Auditing & Assurance Services 6th Edition by Timothy Louwers cover

Auditing & Assurance Services 6th Edition by Timothy Louwers

Edition 6ISBN: 978-0077862343
book Auditing & Assurance Services 6th Edition by Timothy Louwers cover

Auditing & Assurance Services 6th Edition by Timothy Louwers

Edition 6ISBN: 978-0077862343
Exercise 358
In a sampling application to determine the average weight of students enrolled in a fitness class, if the sample estimate is 120 pounds, the precision is 10 pounds, and the reliability is 90 percent, which of the following statements is true?
A) There is 10 percent likelihood that the average weight of a student in the class is more than 130 pounds.
B) There is 10 percent likelihood that the average weight of a student in the class is less than 110 pounds.
C) There is 90 percent likelihood that the average weight of a student in the class is less than 110 pounds or more than 130 pounds.
D) There is a 90 percent likelihood that the average weight of a student in the class is between 110 and 130 pounds.
Explanation
Verified
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Auditing & Assurance Services 6th Edition by Timothy Louwers
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