Suppose 46% of people watch the news, 77% of people watch sitcoms, and 35% watch both.  Answer the following questions.  Leave answers as a fraction or round to 4 decimal places as necessary. a) What is the probability that a randomly selected person watches the news or sitcoms?  b) Given that a randomly selected person watches the news, what is the probability they also watch sitcoms? c) Is watching the news and watching sitcoms mutually disjoint?          On your scratch, explain why.

Given:    P(A) = 0.3        P(B)=0 .2         P(A|B)= 0.4       Answer the following questions using this information!   P(A and B) = P( A or B) = Are A and B independent?   Tell me why on your scratch paper.

Which assertion for transactions within the purchasing process would an auditor be most concerned with when the audit client is under intense pressure to meet an earnings target?

An auditor may change the ___________ as the acceptable level of detection risk increases.

Several accounts were found to have unexpected relationships when analytical procedures were performed at the end of the audit (i.e., in the overall review stage).  This result would indicate that

When we speak of “reasonable assurance” about an entity’s internal controls we are recognizing that

VOUCHING primarily tests which of the following assertions about classes of transaction?

The elimination of engagement risk can be best achieved by

Briefly explain anabolism and catabolism.  What are their functions?  Which are exergonic or endergonic?

Why is alcohol fermentation and lactic acid fermentation required for glycolysis to occur? Is CO2 produced by either process?  If so, which?