Statistical theory proves that in most types of populations to which audit sampling applies, the population size is:
A) a minor consideration in determining sample size.
B) the determining factor in determining sample size.
C) a major consideration in determining sample size.
D) not a consideration in determining sample size.

Question

Quizplus · Accepted Answer

Statistical theory shows that population size is usually a minor consideration when determining sample size in most populations to which audit sampling applies. However, other factors such as the desired level of reliability and risk of incorrect acceptance or rejection must be taken into account when determining sample size.

Statistical Theory Proves That in Most Types of Populations to Which