If both type one and two errors are expensive, what would you do from a control perspective to minimize both types of errors?
Type 1 can be lowered by using a low value for alpha, which means that you will be less likely to detect a true difference if one really exists and the type 1 error which happens because of When the null hypothesis is true and you reject it, will decreases.
Type 2 error can be controlled by ensuring your test has enough power to validate . Thiis can be done by ensuring your sample size is large enough to detect a practical difference if any things truly exists.
If both type one and two errors are expensive, what would you do from a control...
Discuss one of the following types of accounting errors. How often do you estimate they occur? Would the financial statements really be misleading if these errors were not corrected? Mathematical mistakes.
what are some ways you would minimize both types of racism?
What are the two advantages of an Internal Control program to the manager? What are the two types of errors that the auditor is exposed to? You have been assigned a computer systems audit. But you are not a computer systems expert. What would you do? During an interview somebody tells you something relevant to the audit. But no documentation can be found to support what you have been told. What should you do? How would you identify fraud risk?...
Discuss one of the following types of accounting errors. How often do you estimate they occur? Would the financial statements really be misleading if these errors were not corrected? Types of Accounting Errors: 1.A change from an accounting principle that is not generally accepted to an accounting principle that is acceptable. 2.Mathematical mistakes. 3.Changes in estimates that occur because a company did not prepare the estimates in good faith. 4.An oversight, such as the failure to accrue or defer certain...
If you wish to control a bank of lights in a room from two different locations, how many three-way and four-way switches should you us Please draw schematic. You do not have to use both types if you do not need them .
What do the terms 'debit' and 'credit' mean from an accounting perspective? What are the two primary rules of debits and credits? How do these impact the various types of accounts (assets, liabilities, expenses, revenues, distributions to owners, and equity)? How do they help ensure that an illogical journal entry cannot be made? Provide at least one example of an illogical entry. Why would this be illogical?
What are two common forms of human errors? Describe where each one results from. Describe their differences. How do we prevent these errors from occurring using the concepts discussed in class
1)What do the terms 'debit' and 'credit' mean from an accounting perspective? What are the two primary rules of debits and credits?2. ) How do these impact the various types of accounts (assets, liabilities, expenses, revenues, distributions to owners, and equity)? 3) How do they help ensure that an illogical journal entry cannot be made? 4)Provide at least one example of an illogical entry. Why would this be illogical?
Q: Please provide a description of the type of work you would like to do in your internship. Discuss the full range of types of opportunities that interest you; in particular, specify if you would be interested in both business and science track roles. Science majors are encouraged to be open to both types of opportunities if at all possible in order to maximize chances of obtaining an internship. (Up to 250 words) *
Do you consider yourself one who engages more in an external locus of control or internal locus of control? Give an example to support your perspective