Which statement is correct with respect to the probability-proportional-to-size technique?
A)The technique insures that every account in the population has an equal chance of being selected.
B)The technique automatically stratifies the population.
C)The technique results in a representative sample every time.
D)The technique allows the auditors to measure more precisely the risk of incorrect acceptance.

Question

Quizplus · Accepted Answer

The probability-proportional-to-size technique automatically stratifies the population by giving larger accounts a higher probability of selection, which helps in focusing on more significant items.

Which Statement Is Correct with Respect to the Probability-Proportional-To-Size Technique