Question

n auditor for a hardware store chain wished to compare the efficiency of two different auditing techniques. To do this he selected a sample of nine store accounts and applied auditing techniques A and B to each of the nine accounts selected. The number of errors found in each of techniques A and B is listed in the table below:

Errors in A | Errors in B |

27 | 13 |

30 | 19 |

28 | 21 |

30 | 19 |

34 | 36 |

32 | 27 |

31 | 31 |

22 | 23 |

27 | 32 |

Does the data provide sufficient evidence to conclude that the
number of errors in auditing technique A is fewer than the number
of errors in auditing technique B at the 0.01 level of
significance? Select the [Rejection Region, Decision of Reject
(RH_{0}) or Failure to Reject (FRH_{0})]. (Hint:
the samples are dependent)

a) [z < -2.9 and -z < -2.9, FRH_{0}]

b) [t < -2.9, FRH_{0}]

c) [-t < 2.9 and t < 2.9, RH_{0}]

d) [t > 2.9, FRH_{0}]

e) [t < -2.9 or -t < -2.9, RH_{0}]

f) none of the above

Answer #1

Ho: Mu_{A} = Mu_{B}

Ha: Mu_{A} < Mu_{B}

Hence the correct ans is **b) [t < -2.9,
FRH _{0}]**

*Hope the above answer has helped you in understanding the
problem. Please upvote the ans if it has really
helped you. Good Luck!!*

An auditor for a hardware store chain wished to compare the
efficiency of two different auditing techniques. To do this he
selected a sample of nine store accounts and applied auditing
techniques A and B to each of the nine accounts selected. The
number of errors found in each of techniques A and B is listed in
the table below:
Errors in A
Errors in B
45
31
48
37
46
39
48
37
52
54
50
45
49
49...

An auditor for a hardware store chain wished to compare the
efficiency of two different auditing techniques. To do this he
selected a sample of nine store accounts and applied auditing
techniques A and B to each of the nine accounts selected. The
number of errors found in each of techniques A and B is listed in
the table below:
Errors in A
Errors in B
27
13
30
19
28
21
30
19
34
36
32
27
31
31...

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Give the test statistic and your conclusion.
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19. Under to PSA 260, those matters that arise from
the audit of financial statements and in the opinion of the
auditor, are both important and relevant to those charged with
governance in overseeing the financial reporting and disclosure
process are called
a. Audit matters of governance interest
b. Significant audit matters
c. Auditor findings
d. Material misstatement in the financial
statements
20. Audit matters of governance interest to be
communicated to those charged with governance ordinarily
include
a. Audit...

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