Does statistical analysis imply absolute precision? Explain.
Answer to relevant QuestionsIdentify three measures of central tendency, and discuss how each is useful to data analysis.Identify and discuss three practical applications of data mining.Identify two common specialized software packages that are useful for auditing and fraud investigations, and discuss the merits of each.The AICPA provides a free Excel spreadsheet pro-gram that can be used to test data for consistency with Benford’s Law. A link to this spreadsheet is available at www.pearsonhighered.com/rufus. Download the spreadsheet and ...How does understanding the time and magnitude of data impact an analysis?
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