Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / An auditor needs to estimate the percentage of times a company fails to follow an internal...

An auditor needs to estimate the percentage of times a company fails to follow an internal control procedure A sample of 50 from a population of 1000 items is selected, and in 7 instances

An auditor needs to estimate the percentage of times a company fails to follow an internal control procedure. A sample of 50 from a population of 1,000 items is selected, and in 7 instances, the internal control procedure was not followed. a. Construct a 90% one-sided confidence interval estimate for the population proportion of items in which the internal control procedure was not followed. b. If the tolerable exception rate is 0.15, what should the auditor conclude?

Jun 20 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions