Which of the following is an accurate statement regarding sampling distribution?
A) A sampling distribution is a sample with characteristics the same as those of the population.
B) Sampling distributions allow the auditor to make probability statements about the likely representativeness of any sample that is in the distribution.
C) Each population exception rate and sample size has the same sampling distribution.
D) Auditors cannot use sampling distributions to draw statistical conclusions about the unknown population being sampled.

Question

Quizplus · Accepted Answer

Sampling distributions allow the auditor to make probability statements about the likely representativeness of any sample that is in the distribution. The other statements are not accurate - A is describing a sample, not a sampling distribution; C is incorrect because each population exception rate and sample size will have a different sampling distribution; and D is incorrect as auditors can use sampling distributions to draw statistical conclusions about the unknown population being sampled.

Which of the Following Is an Accurate Statement Regarding Sampling