In PPS sampling:
A) every dollar in the population has an equally likely chance of being selected.
B) every logical sampling unit must have an equally likely chance of being selected.
C) the auditor examines only the individual dollars selected.
D) the sampling unit is usually a document.
E) every sampling unit must have an equally likely chance of being selected.
Correct Answer:
Verified
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Q27: Tolerable deviation rate is the maximum rate
Q29: When using classical variables sampling, zero balances
Q30: The anticipated misstatement in a PPS sampling
Q31: Probability-proportional-to-size (PPS) sampling should not be used
Q32: In the audit risk model, audit sampling
Q33: Nonstatistical sampling is becoming the norm for
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