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Reference no: EM131444738

When applying statistical tests involving comparing two means or a sample to a population mean, there are many organizational applications. For example, Human Resources may want to track entrance exam scores of their new hires. This would be an example of two mean comparison. In terms of the recent election, Gallup may take a sample and compare to a population of candidate votes (sample mean compared to a population mean).

Think of an example in your organization of either one of these tests and discuss its application as well as the risk of type 1 or 2 errors.

Reference no: EM131444738

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Compare to a population of candidate votes : This would be an example of two mean comparison. In terms of the recent election, Gallup may take a sample and compare to a population of candidate votes (sample mean compared to a population mean).

Back reconcilation for december 31 : At December 31, the cash balance per books was $14,485.20, and the cash balance per the bank statement was $22,182.80. The bank did not make any errors, but two errors were made by Langer Company - You need to a back reconcilation for December 31.

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Reference no: EM131444738

Reference no: EM131444738

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