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The Evaluation of Audit Data May Be Distilled into a Feasibility

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The evaluation of audit data may be distilled into a feasibility score.


Definitions:

Test Statistic

A statistical measure computed to assess the evidence against a null hypothesis in a testing framework.

Null Hypothesis

A statement used in statistical testing that assumes no effect or no difference and is tested against an alternative hypothesis.

Level Of Significance

The probability of making a Type I error when the null hypothesis is true as an equality.

Population Variances

A measure of the spread between numbers in a data set, showing how much each number differs from the mean of the population.

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