Which of the Following Is a Required Condition for Using

question 168

Multiple Choice

Which of the following is a required condition for using the normal approximation to the binomial in testing the difference between two population proportions?

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Definitions:

Internal Control System

Procedures and methods to control a firm’s assets as well as monitor its operations.

Accounting Department

A division within a company or organization that is responsible for managing financial records, transactions, and reporting.

Periodic System

An inventory system that updates inventory and cost of goods sold at the end of each accounting period.

Vouchers Payable

A liability account in the general ledger that represents the controlling account for the sum of individual vouchers.