Exhibit 1-1 In a Recent Study Based Upon an Inspection of 200

question 16

Multiple Choice

Exhibit 1-1
In a recent study based upon an inspection of 200 homes in Daisy City, 80 were found to violate one or more city codes.
-Refer to Exhibit 1-1. The city manager released a statement that 40% of Daisy City's 2,000 homes are in violation of city codes. The manager's statement is an example of

• A)a census
• B)an experiment
• C)descriptive statistics
• D)statistical inference

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Definitions:

Establishing Responsibility

The creation of clear roles and duties within an organization to ensure accountability and improve efficiency.

Independent Internal Verification

A control mechanism where the transactions and activities are verified by staff members who are not directly involved in those transactions or activities.

Authorization

The approval or permission granted to an individual or entity to perform a specific action or access certain resources.

Segregation of Duties

An internal control that prevents fraud and errors by dividing responsibilities among different employees.