how would the knowlegde of the use of Data Anaytics help you in avoiding the risks...
Homework Answers
- Now a days, its no possible to check each and every aspect one by one due to many factors like - large no of transaction, time contraint etc.
- To overcome above problem, sampling can be possible to check correctness of records and for effectiveness of sampling proper data analysis is needed to select correct sample size for getting better result.
- But few risk are inherent which is not possible to track easily in normal course of action. They are inherently associated to business and affect business as a whole.
- Based on above points, we can conclude that sampling helps in identifing correct saple size for getting better picture of business with available records and facts. And proper sampling can be done by using proper data analysis however we can't identify inherent risk associated with receivable even after using sufficient sampling through proper data analysis.
Add Answer to:
how
would the knowlegde of the use of Data Anaytics help you in
avoiding the risks...
How would you evaluate the following risks that exist at Company X? How would you prioritize...
How would you evaluate the following risks that exist at Company X? How would you prioritize which of these risks need to be addressed first? -Existing file servers are not being backed up -Users keep post it notes with their login credentials under their keyboards -Your network firewall is running an operating system that is 5 years old -No antivirus software is deployed to desktop computers -VPN access is not being logged -Company X does not have an acceptable use...
Assignment 1 Risk Management It is an accepted truth that without risk there can be no gain. Every individual and organization must take some risks to succeed. Risk management is not about avoiding risks, but about taking risks in
Assignment 1Risk ManagementIt is an accepted truth that without risk there can be no gain. Every individual and organization must take some risks to succeed. Risk management is not about avoiding risks, but about taking risks in a controlled environment. To do this, one must understand the risks, their triggers, and their consequences.Write a 3–4 page paper in which you:1. Define clearly risk management and information security and discuss how information security differs from information risk management.2. Explain security policies and how they factor...
1. List the steps involved in attribute sampling. 2. What is meant by "sampling risks" and...
1. List the steps involved in attribute sampling. 2. What is meant by "sampling risks" and what is its impact on audit findings? 3. Identify and define the factors that affect the size of an attribute sample. 4. Explain how the purpose of statistical sampling in tests of monetary values differ from the purpose of statistical sampling in tests of control activities. B. Discuss a situation within Payroll or Accounts Payable where data analytics could be used by an Internal...
List 3 risks and 3 benefits associated with home birth. How would you as the nurse...
List 3 risks and 3 benefits associated with home birth. How would you as the nurse educate the patient about these risks.
please help Provide an example of how you could use each of the sampling methods below....
please help Provide an example of how you could use each of the sampling methods below. Explain how each example fits that particular method. (1 point each) Simple Random Sampling Stratified Sampling Cluster Sampling Systematic Sampling Convenience Sampling
share your thoughts on how to mitigate the risks associated with mobile systems and BYOD. A...
share your thoughts on how to mitigate the risks associated with mobile systems and BYOD. A few items that may help to get you going: Have you ever been hacked? Do you use mobile banking? Do you feel at risk? Do you read the privacy policies you are presented with? How do organizations protect their data when employees use their own mobile devices?
For Week 14, post a detailed description of the method of sampling you would use and the data you would collect to address statistically the question "What do people prefer most... the tast...
For Week 14, post a detailed description of the method of sampling you would use and the data you would collect to address statistically the question "What do people prefer most... the taste of Coke or Pepsi?" ns
For Week 14, post a detailed description of the method of sampling you would use and the data you would collect to address statistically the question "What do people prefer most... the taste of Coke or Pepsi?" ns
Briefly examine what part you think mastery of facts and understanding of data have in avoiding...
Briefly examine what part you think mastery of facts and understanding of data have in avoiding cognitive bias in System-1 thinking.
briefly examine what part you think mastery of facts an understanding of data have an avoiding...
briefly examine what part you think mastery of facts an understanding of data have an avoiding cognitive bias in system-1 thinking this is a critical thinking question
In preparation of constructing a histogram, how many bins would you use for a data set...
In preparation of constructing a histogram, how many bins would you use for a data set that had a total of 108 data points?
For Week 14, post a detailed description of the method of sampling you would use and the data you would collect to address statistically the question "What do people prefer most... the taste of Coke or Pepsi?" ns
For Week 14, post a detailed description of the method of sampling you would use and the data you would collect to address statistically the question "What do people prefer most... the taste of Coke or Pepsi?" ns
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 34 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago