Attribute Sampling Explained | Check the description for an updated version

[@ariah5093]

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[@varol1784]

These videos are definitely helping me get through my CPA review for audit. Thanks for the uploads

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[@wicoleem7574]

Thank you for posting this ! Everything makes sense now !

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[@HaiLe-rd7ho]

Dear Professor, based on the table, we can figure out the upper deviation rate at 4.7%, then we take 4.7% minus 1% to come up with sample risk at 3.7%. Then we can say that we are 95% confident that the deviation rate will not exceed 4.7%.

[@keenanmidgley608]

Yes, Hai Le, great correction. The table shows the upper error limit(UEL) or upper deviation rate and NOT the sampling risk.

[@gnarclaw9191]

Just awesome and well explained

[@easonng8898]

This is very helpful. Thank you very much!

[@AccountingLectures]

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[@Moseedali22]

Very useful videos. Thanks

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[@Brasco989]

Thanks! That was very helpful.

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[@giancarlotorideflorio1346]

Thank you for sharing, sir. I'm a bit confused about the N = R/TDR formula. Is the maximum number of R 100? Does this formula represent the data in the following tables?

[@khagenkharel2358]

it is the sampling risk or upper deviation rate in the table when two factor (sample size or no. of deviation ) meet.you have mentioned in the video that it is sampling risk and expected deviation rate is added to get upper deviation rate.

[@CarlosChicaVilladiego]

I believe that table you refer to (16:27) shows UPPER DEVIATION RATES rather than SAMPLING RISK, so you do not need to sum up your found SAMPLE DEVIATION RATE. Upper deviation rate is already calculated

[@vinfonso3371]

I thought that the table actually illustrates the upper limit not the allowance for sampling risk?

[@psychickumquat]

So if my knowledge of statistics is right, TRO is essentially the same as a confidence interval, right? In other words, a 5% TRO would be equivalent to a 95% confidence interval? Also, can z/t scores of standard error be used to determine an acceptable exception rate? For example, if I had an expected error rate of 3 and a sample size of 100, I could create the z curve of sample means and use say, 1 or 2 standard deviations away as my acceptable error rate?

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Thank you so much.

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[@bryanjonathan1580]

Thanks, great video

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Amazing

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[@uroojiqbal8945]

Dear Professor Farhat. I need to clarify if CUER is equal to the Upper deviation rate. In lecture no. 61 on this playlist you have compared the computed result from the table to TER. In this lecture, you are also adding the deviation rate to sampling risk (CUER?) before comparing it with TER to accept or reject I/C. This is kind of confusing. Please clarify .. many thanks for sharing your knowledge.

[@mpe1581]

Where can I find the CUER tables? Or is there an excel formula that would calculate this?

[@AccountingLectures]

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[@shalinimishra7270]

Helpful... Thanks

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