Statistical sampling is best known for combining
A)binomial and confidence intervals.
B)random and haphazard selection.
C)hypergeometric distribution with audit risk.
D)probability and statistical inference with audit judgment.

Question

Quizplus · Accepted Answer

Statistical sampling involves the use of probability and statistical inference to make judgments about a population based on a sample. Audit judgment is also an important aspect of sampling, as auditors must use their professional judgment to determine the appropriate sample size and selection method. The other options (A, B, and C) either do not accurately describe statistical sampling or are not directly related to the topic.

Statistical Sampling Is Best Known for Combining