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A manufacturer of Product X has developed a model for predicting monthly sales of their product based on the sales from the same month of the previous year and the forecasted average daily temperature for the month.Using the regression tree below based on a random sample of 30 observations,predict sales for a future where the previous year's monthly sales were $15 million dollars and the forecasted average daily temperature for the month will be 45 degrees.
External Audit
An external audit is an independent examination of financial records and operations conducted by an outside entity to ensure accuracy and compliance with regulations.
Discrepancies
Differences or inconsistencies found when comparing two sets of data or reports, often requiring further investigation.
External Auditors
Independent auditors who examine the financial statements of an entity to ensure accuracy and compliance with applicable standards.
Internal Controls
Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.
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