Statistical sampling differs from nonstatistical sampling in that, by applying mathematical rules, the auditor can measure sampling risk in planning the sample; however, mathematical rules cannot then be applied in evaluating the sample results.
Correct Answer:
Verified
Q55: In systematic sample selection, the population size
Q56: The most serious shortcoming of the haphazard
Q57: When the auditor goes through a population
Q58: A 95 percent confidence level in statistical
Q59: Simple random sampling
A) is used when there
Q61: What is the key advantage and disadvantage
Q62: Describe each of the four types of
Q63: Deviation refers to a departure from prescribed
Q64: You are determining the significance of the
Q65: Sound statistical theory consistently supports random number
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents