Statistics-sampling and audits

Assignment Help Advanced Statistics
Reference no: EM13114298

1) Can an audit be done without using sampling?

2) What is the benefit to using statistical vs. random sampling to the auditor?

3) What types of statistical sampling techniques used in auditing are attribute sampling and variables sampling?

Attribute sampling is used in tests of controls to estimate the rate of deviations from prescribed controls in a population. Variables sampling is used in substantive tests to estimate the total dollar amount of a population or the dollar amount of error in a population.

Reference no: EM13114298

Find steady-state probabilities for each of the markov chain

Find the steady-state probabilities for each of the Markov chains in Figure 4.2. Assume that all clockwise probabilities in the first graph are the same, say p, and assume t

Standard deviation and its importance

Explain standard deviation and its importance to the statistical interpretation. When presented with a correlation coefficient of .7, would you consider this a particularly st

Relationship between total gross sales

Descriptive statistics showing the relationship between total gross sales and each of the other variables. Please provide an explanation of the relationships.

Improve model by eliminating certain independent variables

Examine the operating earnings regression model output obtained from the 60 stores, as shown in Table 6.27. Try to improve the model by eliminating certain independent varia

Calculate the measures of location and dispersion of cgpa

Calculate the measures of location and dispersion of CGPA, age and work experience for all backgrounds and specializations. Combine these measures, wherever possible, for al

Compute average before and average after in regulated areas

The dependent variable is hygiene score in a restaurant in a quarter and grade cards introduction has been shown to improve average grades in mandatory counties and voluntary

Planning function for competitve advantage

Identify an organization and provide an example of strategic planning and one example of functional-level planning. What are the differences in decision-makers, risk, cost,

Determining the cost of capital of kubrick company

If the risk-free rate is 6% and the equity risk premium is 5%, calculate the cost of capital for the two firms and the combined firm. Assuming the value drivers remain const


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd