PLEASE READ ALL INSTRUCTIONS CAREFULLY. The end project can be as long or short

PLEASE READ ALL INSTRUCTIONS CAREFULLY. The end project can be as long or short as needed to answer sufficiently. 2 pages are not required. DO NOT FORGET THE CHART/TABLE/ETC for Part 1! There are two parts for this assignment, Part 1 and Part 2. Part 1 Please read the hypothetical case presented below and then respond to the question. Audit Hypothetical: You are the VP of Audit for Shirts & Shoes Inc., a major global retail company. The company has two major divisions – one that makes shirts and another that makes shoes. Each division has its own audit team, each with 25 auditors. The auditors on Team Shirts are able to review 5 transactions per hour. The auditors for Team Shoes are more experienced and are able to review 10 transactions per hour. In order to meet your audit plan, each team has to review 10,000 transactions this year. Due to conflicts rules, Team Shirt’s auditors cannot review Team Shoes’ transactions, and vice-versa. All of your auditors are paid $50.00 per hour that they test transactions. Your CEO just told you that you must cut costs this year as much as possible, but you do have enough budget to conduct an efficiency training for one of the two teams: TEAM SHIRTS: If you give the training to Team Shirts, they will be able to double their output from 5 to 10 transactions per hour. TEAM SHOES: If you give the training to Team Shoes, they will be able to more than double their output, from 10 to 25 transactions per hour. Question • What team do you give the training to? • How did you make your decision? o Please make sure that you explain each step in your reasoning process, even if at first glance the steps appear obvious to you. o In other words, you want to leave a “paper trail” setting out your reasoning so that a third party can verify your results. • The CEO does not have time to work through all of the complexities in the data. As a result, in explaining your answer, please make use of at least one data visualization technique–chart, table, etc.–that will help the CEO quickly grasp your reasoning. Part 2 Please read: Music to Die For: How Genre Affects Popular Musicians’ Life Expectancy (Attachment) Apply the critical thinking and data analysis concepts that we have discussed (including data visualization, data pitfalls, and critical thinking about data) and critique this article. • What conclusions does the author come to, and how are they supported by data? • What is your impression of the conclusion? • Is it possible that the author has fallen for a data pitfall? If so, what? (Please only use one mentioned in the PowerPoint): Vague objectives Confusing data with metrics Bad data Assuming linear relationships Mistaking causation with correlation Small sample size Sample censoring Extrapolating beyond the data Thank you! Please ask any questions needed to complete assignment.