Briefly identify and explain the four methods used to select sample items.
Answer to relevant QuestionsWhat methods of sample selection are appropriate to use with a statistical sampling plan? Why?What factors affect the sample size used in an attributes sampling application? How do these factors affect sample size?Which of the following is an advantage of non-statistical sampling? a. It measures the audit team’s exposure to sampling risk. b. It is required by generally accepted auditing standards. c. It ensures that samples are ...Which of the following statements is not true if the precision interval for a sampling risk of 10 percent ranges from 60 to 70? a. A 10 percent probability exists that the true population value is less than 60 or more than ...Which of the following statements is not true with respect to non-statistical sampling? a. It cannot be used in an audit conducted in accordance with generally accepted auditing standards. b. It considers a number of factors ...
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