A Deviation from Historical Patterns Is One of the Factors

question 53

True/False

A deviation from historical patterns is one of the factors that an auditor focuses on when evaluating the reasonableness of an estimate.

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Definitions:

Marginal Mean

The average value of a variable across different levels of another variable, typically used in the context of analysis of variance.

Marginal Means

The average values of variables calculated at each level of another variable, often used in the analysis of variance.

Significant Main Effect

A statistically significant result in an ANOVA test, indicating a difference in group means across one independent variable.

Crime Area

An identified section or zone within a geographic location known to have higher rates of criminal activities or incidents.