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Discuss the concept of type error in a sample

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Reference no: EM132547038

Question - Sampling Risk is the risk that the sample may not be truly representative of the population. In other words, the chance of an erroneous conclusion that the auditor takes by examining a subset of the population, rather than the entire population. Discuss the concept of type 1 and type 2 error in a sample?

Reference no: EM132547038

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