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An auditor selected items for test counts while observing an entity's physical inventory. The auditor then traced the test counts to the entity's inventory listing. This procedure most likely provided evidence concerning management's assertion of
Standard Deviation
A numerical value that represents the extent of spread or variability among a set of data points.
Blood Samples
Biological specimens of blood taken for testing, analysis, or transfusion purposes.
Standard Deviation
A statistic that quantifies the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.
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