Statistical sampling requires _______.
A)the auditor to ignore any sampling issues raised during the sampling process
B)a sample be selected randomly, and the results of the test be evaluated using management theory.
C)a sample be selected randomly, and the results of the test be evaluated using probability theory.
D)a sample be selected randomly, and the results of the test be evaluated using game theory.

Question

Quizplus · Accepted Answer

Statistical sampling involves selecting a sample randomly and using probability theory to evaluate the results. This helps ensure that the sample is representative of the population being tested and allows for the calculation of the likelihood of errors in the population based on the results of the sample. Ignoring sampling issues, using management theory instead of probability theory, or using game theory instead of probability theory would not be consistent with the principles of statistical sampling.

Statistical Sampling Requires _______