Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Auditors must make judgments about various aspects of an audit on the basis of their own direct experience, indirect experience, or a combination of the

Auditors must make judgments about various aspects of an audit on the basis of their own direct experience, indirect experience, or a combination of the two. In a study, auditors were asked to make judgments about the frequency of errors to be found in an audit. The judgments by the auditors were then compared to the actual results. Suppose the following data were obtained from a similar study; lower scores indicate better judgments.

Direct Indirect Combination
16.9 16.7 25.3
18.6 22.3 24.0
15.8 20.4 21.6
18.3 18.2 26.9
20.3 24.2 27.4
15.9 19.7 25.8
12.5 22.0 24.0

Use = 0.05 to test to see whether the basis for the judgment affects the quality of the judgment.

State the null and alternative hypotheses.

H0: Not all the population means are equal. Ha: D = I = C

H0: D = I = C Ha: Not all the population means are equal.

H0: At least two of the population means are equal. Ha: At least two of the population means are different.

H0: D = I = C Ha: D I C

H0: D I C Ha: D = I = C

Find the value of the test statistic. (Round your answer to two decimal places.)

Find the p-value. (Round your answer to four decimal places.)p-value =

What is your conclusion?

Reject H0. There is not sufficient evidence to conclude that the means for the three groups are not equal.

Do not reject H0. There is not sufficient evidence to conclude that the means for the three groups are not equal.

Reject H0. There is sufficient evidence to conclude that the means for the three groups are not equal

.Do not reject H0. There is sufficient evidence to conclude that the means for the three groups are not equal.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete and Combinatorial Mathematics An Applied Introduction

Authors: Ralph P. Grimaldi

5th edition

201726343, 978-0201726343

More Books

Students also viewed these Mathematics questions

Question

How is slaked lime powder prepared ?

Answered: 1 week ago

Question

Why does electric current flow through acid?

Answered: 1 week ago

Question

What is Taxonomy ?

Answered: 1 week ago

Question

1. In taxonomy which are the factors to be studied ?

Answered: 1 week ago