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Accounting
Statistical concepts are used in various aspects on industry. The following highlights the use of statistics in these industries: /Auditing, Insurance, and Medical (Pharmaceutical).In the /auditing field, it is imperative that the auditor makes an effort to determine that financial statements are stated accurately and free of material error (appear to be stated accurately). To accomplish this task, auditors utilize test methods that include statistical sampling of transactions -- payroll, accounts payable, accounts receivable, journal entries, etc.. This statistical appro ....
Word count: 399 - Page count: 2
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