What is statistical allowance for sampling risk?
A)A measure of the uncertainty associated with not sampling the entire population
B)A projection of misstatement in the population based on the findings in the sample
C)A statistical estimate of the maximum misstatement in the population based on the sample
D)The amount of estimated misstatement in the population

Question

Quizplus · Accepted Answer

Statistical allowance for sampling risk is a measure of the uncertainty associated with not sampling the entire population. It represents the possibility that the sample results may differ from the actual population results due to chance or random factors.

What Is Statistical Allowance for Sampling Risk