A local pizza restaurant and a local branch of a national chain are located across the street from campus. The local pizza restaurant advertises that they deliver to the dormitories faster than the national chain. In order to determine whether this advertisement is valid, you and some friends have decided to order 10 pizzas from the local pizza restaurant and 10 pizzas from the national chain. Thus you have matched (paired) samples. For each of the 10 times that pizzas were ordered, you have one measurement from the local pizza restaurant and one from the national chain. The delivery times in minute are show in table: Time 1 2 3 4 5 6 7 8 9 10 Local 16.8 11.7 15.6 16.7 17.5 18.1 14.1 21.8 13.9 20.8 Chain 22.0 15.2 18.7 15.6 20.8 19.5 17.0 19.5 16.5 24.0 At the 0.05 level of significance, is there evidence that the mean delivery time for the local pizza restaurant is less than the mean delivery time for the national pizza chain? (5) What assumption is necessary about the population distribution to perform this test in i) (2)
Cash in hand and cash at bank are commonly referred to as liquid assets. Because of this liquidity, these assets represent the most vulnerable of all the assets of an entity. You have recently been employed by Korir and Associates (Certified Public – Accountants) as an audit assistant. During your first audit assignment at Viwanda Ltd you have been allocated the audit of cash in hand and cash at bank. Required (i) State and explain the audit procedures you would undertake in order to determine whether or not there has been any misappropriation of cash.
March 2, 2016
9:12 am
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