The following are definitions of terms related to audit sampling. Indicate, using the correct letter, which term is most closely associated with the definition. Each term is associated with only one definition.
1. An interval that has a certain likelihood (equal to reliability) of including the true population value | Precision | ____ |
2. The number of items in the population divided by the sample size | Precision interval | ____ |
3. The likelihood of achieving a given level of precision | Sampling interval | ____ |
4. The numeric distance from the estimated population value in which the true (but unknown) population value may lie with a given probability | Reliability | ____ |
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