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The degree to which the auditor is justified in believing that the estimate based on a random sample will fall within a specified range is called

A. Precision.
B. Non sampling risk.
C. Confidence level.
D. Sampling risk.

User Yuksel
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Final answer:

The degree to which the auditor is justified in believing that the estimate based on a random sample will fall within a specified range is called precision.

Step-by-step explanation:

The degree to which the auditor is justified in believing that the estimate based on a random sample will fall within a specified range is called precision.

Precision is a measure of how close the estimated value is to the true value. If the precision is high, then the auditor can have a high level of confidence that the estimate is accurate.

User Swollavg
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