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What Is an Audit

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What is an audit?


Definitions:

Sample Space

The set of all possible outcomes of a probability experiment.

Sample Point

An individual data point or element within a larger sample or dataset.

Experiment

An investigative method conducted to uncover new findings, verify a theory, or prove a recognized truth.

Probability

The calculation of the chance that an event will happen, depicted as a value between 0 and 1.

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