You are interested in determining the average cost of a 3-minute telephone call to locations within the continental U.S. What sample size must you take to be 96% confident that the results will be within $.75 of the true mean cost per call? From the phone company, you have gotten an estimate of ? = 7.71
a. 185
b. 445
c. 406
d. 574
e. 22
B
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Which of the following would an auditor most likely use in determining the auditor's overall materiality?
A. The results of the internal control questionnaire. B. The entity's annualized interim (i.e., quarterly) financial statements. C. The contents of the management representation letter. D. The anticipated sample size for planned substantive procedures.
Social media analytics analyzes unstructured data associated with websites to identify consumer behavior and website navigation.
Answer the following statement true (T) or false (F)
Gramhold, Inc., a pharmaceutical company, reduces its ten salary grades to just three broad bands. Which of the following statements is most likely to be true in this case?
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A) direct B) heuristic C) logical D) technical E) system