Which of the Following Is a Use of the Last-Two-Digits

question 38

Multiple Choice

Which of the following is a use of the last-two-digits test?

• A) It narrows the range of transactions to be investigated.
• B) It identifies round numbers which are red flags for invented numbers.
• C) It indicates instances where digits have been transposed to make the number larger.
• D) It flags numbers that are repeated frequently as possible fraudulent transactions.

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Definitions:

Slope

In linear regression, the slope indicates the steepness and direction of the relationship between two variables, representing the amount of change in the dependent variable for a one-unit change in the independent variable.

Regression Line

A statistical method used to describe the linear relationship between two or more variables, often depicted as a straight line on a graph.

Stock Return

The profit or loss made on an investment in stock, usually expressed as a percentage of the purchase price.

Slope

The measure of the steepness and direction of a line, representing the rate of change of a function.