(2 points) What does the power of a test (1 – beta) represent?

(2 points) A biologist records the growth rates (in cm/day) of a plant species under three different conditions: 2, 4, and 8 cm/day. Which measure of central tendency is most appropriate to report the average growth rate when the rates are multiplicative (i.e., the conditions compound the effect)?

(2 points) What is the purpose of the randomized blocks design in experimental studies?

(2 points) In statistical analysis, what is described by the term “statistic”?

What is the purpose of the management letter (not the representation letter)?

When are analytical procedures performed during an audit?

Which inventory-related internal control focuses on safeguarding physical inventory?

What condition requires a going concern disclosure?

What are “critical audit matters” (CAMs)?

Which internal control is most relevant to the authorization of inventory transactions?