Question 1

Which of the following categories of data can be displayed by a pie chart?

Accepted Answer

A)  data that sum to a total 
B)  forensic data collected as evidence 
C)  qualitative data 
D)  time series data 
A)  data that sum to a total 
B)  forensic data collected as evidence 
C)  qualitative data 
D)  time series data A

Question 2

Explain how a continuous distribution differs from a discrete distribution.

Accepted Answer

In a discrete distribution,the observations are countable,and there is a discrete "jump" between successive values.It is not necessary that the values be stated in whole numbers.Since money is measured to the cent,it is considered a discrete variable.In contrast,values in a continuous distribution can be measured to an infinitesimally small degree of accuracy.In other words,the values are continuous-there is no discrete jump.Examples of continuous variables include time,weight,and distance.Both discrete and continuous distributions can be graphed as histograms.The difference is that,with a continuous distribution,the measurement scale can be refined.

Question 3

Which of the following ratios is known as the relative size factor?

Accepted Answer

A)  ratio of the largest value to the smallest value 
B)  ratio of the largest (or smallest) value to the mean 
C)  ratio of the smallest value to the second-smallest value 
D)  ratio of the largest value to the second-largest value 
A)  ratio of the largest value to the smallest value 
B)  ratio of the largest (or smallest) value to the mean 
C)  ratio of the smallest value to the second-smallest value 
D)  ratio of the largest value to the second-largest value D

Question 4

Which of the following is a disadvantage of basic data analysis programs?

Accepted Answer

A)  They do not allow flexibility of application. 
B)  They cannot accommodate data in certain formats, in which case the data must be converted. 
C)  They do not support complex statistical calculations or similar higher functions. 
D)  They are not suitable for forensic accounting engagements that require data mining. 
A)  They do not allow flexibility of application. 
B)  They cannot accommodate data in certain formats, in which case the data must be converted. 
C)  They do not support complex statistical calculations or similar higher functions. 
D)  They are not suitable for forensic accounting engagements that require data mining.

Question 5

Which of the following is true of Microsoft Access?

Accepted Answer

A)  The data analysis functions can be enhanced with add-ins. 
B)  Each field can store multiple types of data for all the records. 
C)  The layout of Access is different from the layout of an Excel spreadsheet. 
D)  All data-related functions are applied through the creation of queries. 
A)  The data analysis functions can be enhanced with add-ins. 
B)  Each field can store multiple types of data for all the records. 
C)  The layout of Access is different from the layout of an Excel spreadsheet. 
D)  All data-related functions are applied through the creation of queries.

Question 6

Which of the following does the ratio of the smallest value to the second-smallest value identify?

Accepted Answer

A)  a benchmark that can be tracked over time 
B)  an outlier on the opposite side of the distribution 
C)  a greater variation in the data set 
D)  the magnitude of the deviation 
A)  a benchmark that can be tracked over time 
B)  an outlier on the opposite side of the distribution 
C)  a greater variation in the data set 
D)  the magnitude of the deviation

Question 7

A graph should always have a title.

Accepted Answer

A) True 
 B)False

Question 8

A larger ratio of the largest value to the smallest value indicates

Accepted Answer

A)  an outlier in the data set. 
B)  a lesser variation in the data set. 
C)  a greater variation in the data set. 
D)  an outlier on the opposite side of the distribution. 
A)  an outlier in the data set. 
B)  a lesser variation in the data set. 
C)  a greater variation in the data set. 
D)  an outlier on the opposite side of the distribution.

Question 9

It is more difficult to identify significant deviations from Benford's profile in small data sets.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is a basic data analysis program?

Accepted Answer

A)  Microsoft Word 
B)  Microsoft Excel 
C)  Microsoft PowerPoint 
D)  Microsoft Organizer 
A)  Microsoft Word 
B)  Microsoft Excel 
C)  Microsoft PowerPoint 
D)  Microsoft Organizer

Question 11

Which of the following is a feature of a normal distribution?

Accepted Answer

A)  It is positively skewed. 
B)  Its mean, median, and mode are all equal. 
C)  It is completely described by its median and variance. 
D)  The normal distribution curve is s-shaped. 
A)  It is positively skewed. 
B)  Its mean, median, and mode are all equal. 
C)  It is completely described by its median and variance. 
D)  The normal distribution curve is s-shaped.

Question 12

What are the different data analysis tests which use Benford's Law to identify irregularities in data sets?

Accepted Answer

Several data analysis tests use Benford'

Question 13

Which of the following is true of Excel?

Accepted Answer

A)  It does not require consistency to be maintained between column headings and the type of data contained in the column. 
B)  It has a well-defined structure that includes tables, queries, and reports. 
C)  In Excel, each field can store only one type of data for all the records. 
D)  In Excel, a useful feature known as the Database facilitates review of the database by another user or by the same user at a later time. 
A)  It does not require consistency to be maintained between column headings and the type of data contained in the column. 
B)  It has a well-defined structure that includes tables, queries, and reports. 
C)  In Excel, each field can store only one type of data for all the records. 
D)  In Excel, a useful feature known as the Database facilitates review of the database by another user or by the same user at a later time.

Question 14

Decreasing the occurrence of Type I errors increases the occurrence of Type II errors.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true of presenting data in a graph?

Accepted Answer

A)  Descriptive labels for the two axes may or may not be used. 
B)  The title of the graph need not be given. 
C)  Labels for individual data points should always be included. 
D)  The right approach is to always use a scale that includes zero. 
A)  Descriptive labels for the two axes may or may not be used. 
B)  The title of the graph need not be given. 
C)  Labels for individual data points should always be included. 
D)  The right approach is to always use a scale that includes zero.

Question 16

Which of the following statements is true of the measures of variability?

Accepted Answer

A)  Low variability indicates that the observations are located farther from the mean. 
B)  Two data sets can have the same number of observations and the same mean, median, and mode but have different variability. 
C)  Like the mean, the variance and standard deviation have the advantage of considering select observations in the data set. 
D)  Compared to the standard deviation, the variance is more easily interpreted because it is stated in terms of basic units. 
A)  Low variability indicates that the observations are located farther from the mean. 
B)  Two data sets can have the same number of observations and the same mean, median, and mode but have different variability. 
C)  Like the mean, the variance and standard deviation have the advantage of considering select observations in the data set. 
D)  Compared to the standard deviation, the variance is more easily interpreted because it is stated in terms of basic units.

Question 17

A positive skewness is when the distribution is more heavily weighted toward smaller numbers.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following describes the descriptive measure "median"?

Accepted Answer

A)  It is the center point of the data set, when the observations are ordered by magnitude. 
B)  It is the average value calculated by adding all the observations and dividing by the number of observations. 
C)  It is the average of the squared deviations of the observations from the mean. 
D)  It is the most frequently occurring value. 
A)  It is the center point of the data set, when the observations are ordered by magnitude. 
B)  It is the average value calculated by adding all the observations and dividing by the number of observations. 
C)  It is the average of the squared deviations of the observations from the mean. 
D)  It is the most frequently occurring value.

Question 19

What are add-ins? What are the common add-ins that can be used with Excel?

Accepted Answer

The data analysis functions of Excel can

Question 20

What does a positively skewed distribution mean?

Accepted Answer

A)  The distribution is more heavily weighted toward larger numbers. 
B)  The median is lower than the mean, which is lower than the mode. 
C)  The distribution extends farther to the left than to the right. 
D)  The mean is greater than the median, which is greater than the mode. 
A)  The distribution is more heavily weighted toward larger numbers. 
B)  The median is lower than the mean, which is lower than the mode. 
C)  The distribution extends farther to the left than to the right. 
D)  The mean is greater than the median, which is greater than the mode.

Which of the following categories of data can be displayed by a pie chart?

Explain how a continuous distribution differs from a discrete distribution.

Which of the following ratios is known as the relative size factor?

Which of the following is a disadvantage of basic data analysis programs?

Which of the following is true of Microsoft Access?

Which of the following does the ratio of the smallest value to the second-smallest value identify?

A graph should always have a title.

A larger ratio of the largest value to the smallest value indicates

It is more difficult to identify significant deviations from Benford's profile in small data sets.

Which of the following is a basic data analysis program?

Which of the following is a feature of a normal distribution?

What are the different data analysis tests which use Benford's Law to identify irregularities in data sets?

Which of the following is true of Excel?

Decreasing the occurrence of Type I errors increases the occurrence of Type II errors.

Which of the following is true of presenting data in a graph?

Which of the following statements is true of the measures of variability?

A positive skewness is when the distribution is more heavily weighted toward smaller numbers.

Which of the following describes the descriptive measure "median"?

What are add-ins? What are the common add-ins that can be used with Excel?

What does a positively skewed distribution mean?

Introduction to the World of Forensic Accounting

The Legal Environment of Forensic Accounting

Screening and Staging Engagements

Gathering Evidence Interviews and Observations

Financial Statements Analysis Reading Between the Lines

Fraud and White-Collar Crime

Conducting a Fraud Investigation

Transforming Data Into Evidence

Professional Responsibilities

Fundamentals of Business Valuation

Special Topics

Filters

Exam 9: Transforming Data Into Evidence

Which of the following categories of data can be displayed by a pie chart?

Explain how a continuous distribution differs from a discrete distribution.

Which of the following ratios is known as the relative size factor?

Which of the following is a disadvantage of basic data analysis programs?

Which of the following is true of Microsoft Access?

Which of the following does the ratio of the smallest value to the second-smallest value identify?

A graph should always have a title.

A larger ratio of the largest value to the smallest value indicates

It is more difficult to identify significant deviations from Benford's profile in small data sets.

Which of the following is a basic data analysis program?

Which of the following is a feature of a normal distribution?

What are the different data analysis tests which use Benford's Law to identify irregularities in data sets?

Which of the following is true of Excel?

Decreasing the occurrence of Type I errors increases the occurrence of Type II errors.

Which of the following is true of presenting data in a graph?

Which of the following statements is true of the measures of variability?

A positive skewness is when the distribution is more heavily weighted toward smaller numbers.

Which of the following describes the descriptive measure "median"?

What are add-ins? What are the common add-ins that can be used with Excel?

What does a positively skewed distribution mean?

Introduction to the World of Forensic Accounting

The Legal Environment of Forensic Accounting

Screening and Staging Engagements

Gathering Evidence Interviews and Observations

Financial Statements Analysis Reading Between the Lines

Fraud and White-Collar Crime

Conducting a Fraud Investigation

Transforming Data Into Evidence

Professional Responsibilities

Fundamentals of Business Valuation

Special Topics

Filters