An auditor is reviewing the transactions of a company. Past experience tells the auditor that the...
1) Obtaining sufficient audit evidence over the sales of a given company means that the auditor a) tested all sales transactions for the given period b) tested more than 50% of the sales transactions for the given period c) tested a reasonable sample of sales transactions for the given period d) tested only the sales transactions with an amount higher than the materiality
The first two pictures are different questions and the rest of the pics are the parts that go with both of them. A certain drug can be used to reduce the acid produced by the body and heal damage to the esophagus due to acid reflux. The manufacturer of the drug claims that more than 91% of patients taking the drug are healed within 8 weeks. In clinical trials, 214 of 231 patients suffering from acid reflux disease were healed...
Accorcing to a census company, 7.1% of all babies born are of low birth weight. An obstetrician wanted to know whether mothers between the ages of 35 and 39 years give birth to a higher percentage of low-birth-weight babies. Sh randomly selected 280 births for which the mother was 35 to 39 years old and found 31 low-birth-weight babies. Complete parts (a) through (c) below. (a) If the proportion of low-birth-weight babies for mothers in this age group is 0.071,...
In randomized, double-blind clinical trials of a new vaccine, monkeys were randomly divided into two groups. Subjects in group 1 received the new vaccine while subjects in group 2 received a control vaccine. After the second dose, 128 of 695 subjects in the experimental group (group 1) experienced drowsiness as a side effect. After the second dose, 85 of 576 of the subjects in the control group (group 2) experienced drowsiness as a side effect. Does the evidence suggest that...
A data processing company has a training program for new salespeople. After completing the training program, each trainee is ranked by his or her instructor. After a year of sales, the same class of trainees is again ranked by a company supervisor according to net value of the contracts they have acquired for the company. The results for a random sample of 11 salespeople trained in the last year follow, where x is rank in training class and is rank...
5. In randomized, double-blind clinical trials of a new vaccine, children were randomly divided into two groups. Subjects in group 1 received the new vaccine while subjects in group 2 received a control vaccine After the second dose, 115 of 485 subjects in the experimental group (group 1) experienced fever as a side effect. After the second dose, 106 of 574 of the subjects in the control group (group 2) experienced fever as a side effect. Does the evidence suggest...
a
grass seed company conducts a study to determine the relationship
between the density of seeds planted and the quality of the
resulting lawn. eight similar plots of land are selected and each
is planted with a particular density of seed. one month later the
quality of each lawn is rated on a scale of 0 to 100. Using a 5%
significance level determine whether the data provide sufficient
evidence to conclude that seed density and lawn quality are
positively...
In a clinical trial, 25 out of 857 patients taking a prescription drug daily complained of flulike symptoms. Suppose that it is known that 2.4% of patients taking competing drugs complain of flulike symptoms. Is there sufficient evidence to conclude that more than 2.4% of this drug's users experience fiulike symptoms as a side effect at the a=0.05 level of significance? Because np. (1-Po) - 10. the sample size is 5% of the population size, and the sample the requirements...
Gentle Ben is a Morgan horse at a Colorado dude ranch. Over the
past 8 weeks, a veterinarian took the following glucose readings
from this horse (in mg/100 ml).
93
87
82
106
99
108
84
90
The sample mean is x ≈ 93.6. Let x be a random
variable representing glucose readings taken from Gentle Ben. We
may assume that x has a normal distribution, and we know
from past experience that σ = 12.5. The mean glucose level...
In an election, 40% of the electorate voted for the Blue party, 30% for the Red party, 20% for the Yellow, 6% for the Green, and 4% for the White party. a. A recent poll of 1450 respondents found that 25% support the Red party. Test whether this is sufficient evidence to conclude that the level of support has dropped since the election. Use the 5% level of significance. b. In part a, suppose you want to estimate the national...