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- Explain the distinction between replacement and nonreplacement sampling. Which method do auditors typically use? Why?Explain the three categories of statistical quality control(SQC). How are they different, what different information dothey provide, and how can they be used together?What is meant by Statistical Quality Control (SQC)?
- What difference between analytical CRM and operational CRMList two (2) advantages and Two (2) disadvantages of the Observation Method of datacollection.Develop a problem statement and deduce a research objective for survey that was conducted by a school canteen in Trinidad. How can such a survey be conducted considering that it was conducted on school childrenin a school. Be specific about the approach, the amount of workers involved, the placeand time of the survey.Create a questionnaire of 8 questions that would produce results of thesurveyGive in detail two suggestions how the canteen owner could use the analyses of thesurvey.
- A study to determine the correlation between bankdeposits and consumer price indices in Birmingham, Alabama,revealed the following (which was based on n = 5 years of da ta):• LX = 15• Lx2 = 55• Lxy = 70• Ly = 20• L/ = 130a) What is the equation of the least-squares regression line?b) Find the coefficient of correlation. What does it imply to you?c) What is the standard error of the estimate?Explain the difference between replacement sampling and nonreplacement sampling. Which method do auditors usually follow? Why?create a Data Collection for a research methodology this must include Identify the instrument(s) used; Describe the instrument(s), e.g. number of items, types of items, sections, etc; Describe instrument development or adaptation; and Describe how validity of the instrument was obtained