error rate

  1. L

    Sample Size Estimation Problem

    I am trying to use a program called EZ-Quant to determine a sample size. The program first asks you to choose one of the following options: 1. Judgmental assessment of universe error rate, or 2. Sample results from a similar audit universe. I am selecting #1 because I don't have a...
  2. M

    Expectation/probability question (sorta like Craps, maybe?)

    I'll try to be as brief as possible: I have a number of events that can happen, say e1, e2...eN. N isn't particularly large. Each event has a probability of "failure", p1, p2...pN (Actually, there will likely be an overall failure rate, that will be converted to a weighted probability based on...