Define Application Controls and Provide Examples

question 12

Essay

Define application controls and provide examples.

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Definitions:

Inferential Statistics

Statistical methods that allow researchers to make inferences or predictions about a population based on a sample of data.

Measures of Variation

Statistical tools used to describe the distribution or spread of a data set, including range, variance, and standard deviation.

Statistically Significant

A determination in statistical analysis that an observed difference or relationship is unlikely to have occurred by chance.

Sample Average

The arithmetic mean of a set of numerical values, calculated by adding them together and dividing by the number of samples.