Question regarding statistical sampling

Assignment Help Advanced Statistics
Reference no: EM13115166

What are some benefits of an auditor using statistical sampling? What are some examples of statistical sampling? Does anyone have any experience they are willing to share with the class on statistical sampling?

Reference no: EM13115166

Questions Cloud

Strategies for competitive advantage cost leadership : Choose one of the different strategies for competitive advantage of the Rainer and Turban which presents cost leadership, differentiation, innovation, operational effectiveness
Should the propagation and planting legally protected : Many endangered plant and species are currently propagated by commercial growers and botanical gardens and then sold (as both plants and seeds) to government agencies, conservation organizations, garden clubs and the general public, who then in ef..
What temperature , in celsius, is needed : Using the same sample of gas ( = 275 , = 43 ), we wish to change the pressure to 2750 with no accompanying change in volume or amount of gas.
Determining tax saver benefit : A TSB (Tax Saver Benefit) plan allows you to put money into an account at the beginning of the calendar year that can be used for medical expenses. This amount is not subject to federal tax (hence the phrase TBS).
Question regarding statistical sampling : What are some benefits of an auditor using statistical sampling? What are some examples of statistical sampling? Does anyone have any experience they are willing to share with the class on statistical sampling?
Which hypothesis-testing procedure is used for cases : Which hypothesis-testing procedure would you use in the following situations? The mean time an American family lives in a particular single-family dwelling is 11.8 years.
Explain why it is important not to touch any other area : Explain why it is important not to touch any other area of the mouth except the pharyngeal membranes when taking a throat culture. Not how it is done but why it can not touch any other area.
Determining break-even point-profit gained : To produce x number of units of glass vases cost C(x)=12x + 39. My revenue is R(x)=25x. Both cost and revenue and cost are in dollars.
How many liters of hydrogen are required : According to Avogadro's law, how many liters of hydrogen are required to react with 1.9L of oxygen at STP.

Reviews

Write a Review

Advanced Statistics Questions & Answers

  Statisticians working with clinical researchers

The problems for this assignment are typical of those encountered by statisticians working with clinical researchers. So if you'll humor me, I have written this assignment as though it is a day in the life of a project statistician.  Here is your age..

  Values of a policy

An insurance policy sells for $1200. Based on past data, an average of 1 in 125 policy holders will file a $15000 claim, an average of 1 in 100 holders will file a claim of $40,000 and an average of 1 in 250 holders will file a claim of $80,000.

  Regression model applied to sales

A manager wishes to determine the relationship between the number of miles (in hundreds of miles) the manager's sales representatives travel per month and the amount of sales (in thousands of dollars) per month.

  Construct a leading economic indicator

The index of leading economic indicators, compiled and published by the U.S. National Bureau of Economic Research, is composed of 12 time series, such as the average work hours of production in manufacturing, manufacturers

  Rationale and probability distribution

Describe the rationale for utilizing probability concepts. Is there more than one type of probability? If so, describe the different types of probability.

  Difference between data and information

Explain the difference between data and information. What is the difference between a population and a sample? List the different types of charts available in Excel, and explain characteristics of data sets that make each chart most appropriate to ..

  Difference between descriptive and inferential statistics

What is the main difference between descriptive and inferential statistics. Give a brief example of each. Under what circumstances is the mean the best measure of central tendency?

  Cost of equity for dell

Calculate the industry average beta for Dell, and then using the industry average beta compute the cost of equity for Dell. Does it matter if you use the beta for Dell or the beta for the industry in this case?

  Computing averages and probability using excel

Zimmerman's Bank is the only bank in the small town of St. Thomas. On a typical Friday, an average of 10 customers per hour arrive at the bank to the transact business.

  Determining stocks and dividends

Paid dividend of $2 per share. Expected to grow at a constant rate of 5% per year, and investors require a 15% rate of return on the stock. What is the stocks value?

  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 counties.

  Probability distribution curves

Draw a graph of an insurer's probability distribution for total claim costs, assuming that it has expected claim costs of $500 million. Identify the probability of insolvency if the insurer has assets equal to $750 million.

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