Which of the following statements regarding statistical sampling is correct?
A) It is easier to use than non-statistical sampling.
B) It involves haphazard selection.
C) It is generally used for low risk accounts.
D) It involves random selection.

Question

Quizplus · Accepted Answer

Statistical sampling involves random selection to ensure that the sample is representative of the population being tested. This allows for greater accuracy and reliability in the results obtained. Non-statistical sampling, on the other hand, involves haphazard selection and is generally not as reliable. The risk level of the accounts being sampled does not necessarily determine the type of sampling method used.

Which of the Following Statements Regarding Statistical Sampling Is Correct