[hav2pass]

For attribute sampling, confidence level is 1 – allowable risk of assessing control risk too low.

For variables sampling, confidence level is 1 – risk of incorrect rejection.

I don’t understand why these formulas use different types of risk. For attribute sampling, it uses Beta risk and for variables sampling Alpha risk.

This probably isn’t important but it keeps bugging me. Am I not seeing something or it is too technical to understand?

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[Pingal]

I am pretty sure that for variables sampling, confidence level = 1 – risk of incorrect acceptance.

[hav2pass]

For Monetary Unit Sampling which is a hybrid method that uses attribute sampling methods, it is 1-risk of incorrect acceptance. But not for Classical variables sampling like Mean-per-unit sampling. That is the one I am confused about.

BEC 86 (expires Sept'11)
FAR 85
REG 87
AUD 8/27 - waiting

[Anonymous]

im doing so bad in this module, i cant grasp it with all the statistics terminology

[Author]

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