Which one of the following statements is true regarding two random samples, drawn in the same way, from the same population, one of size 30 and one of size 300?
A) The two samples are expected to have the same sample mean.
B) The larger sample is more likely to produce a large sample mean.
C) The smaller sample will have a smaller 95% confidence interval for the mean.
D) The smaller sample will, on average, produce a lower estimate of the variance of the population.
Correct Answer:
Verified
Q24: Monetary-unit sampling is said to eliminate the
Q25: What is the primary objective of testing
Q26: If the upper limit on misstatements exceeds
Q27: An auditor established a $60,000 tolerable misstatement
Q28: Which of the following sampling methods would
Q30: The formula for nonstatistical sampling sample sizes
Q31: Which of the following would be an
Q32: The confidence factor for nonstatistical sampling is
Q33: Using nonstatistical sampling, which of the following
Q34: In a monetary-unit sample with a sampling
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