Compared with judgmental selection, what is the major advantage of random selection ?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Applications Of Statistical Sampling To Auditing

ISBN: 9780130391568

1st Edition

Authors: Alvin A. Arens, James K. Loebbecke

See More Books

Question Posted: May 16, 2024 02:03 AM

See More Questions

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
What is the major advantage of the ARD over the RDC? What is the disadvantage of the ARD compared to the RDC?
QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...
If a restaurant's total sales on a given day were $4,350.00, and the restaurant had served 365 customers, what is the average dollar sale? $10.05 $11.92 $11.35 $11.05
How do the two accounting rate of return methods differ?
What accounts for the shift from strategic planning to strategic management? In which industries or companies is this essential? Why?
Briefly describe the two most straightforward techniques for dividing a mixed cost into its fixed and variable components.
A hospital conducted a study of the waiting time in its emergency room. The hospital has a main campus and three satellite locations. Management had a business objective of reducing waiting time for...
Compare a preliminary hazard analysis with a more detailed hazard analysis. Discuss in what situations you might use each type of hazard analysis. Your answer must be at least two hundred words in...
Define what is meant by random selection. What are three methods of random selection ?
Under what circumstances is it appropriate to use statistical measurement techniques with judgmental selection methods?
1. What is the basic difference between a random and a nonrandom sample? 2. Suppose there are 100 students in your class. You are asked to pick four students at random. You look around and pick four...
1. Which model of management ethics is being used by the leaders of Honda Motors company and Coca Cola Company. Discuss the relevance of this as it relates to ethical issue and issue of diversity. 2....
Solve the system 2x+3y+4z = 5 4x+5y+6z = 9
What is the angle in radians between vector r <4, 3> and vector s ?
Answer this: Give me good conflict management techniques. Give specific examples of where you have seen an official/referee use good conflict management to help control a potentially hostile...
Cesar logged onto Facebook and saw a conversation between some of his mom's friends arguing about whether or not his school should have a school uniform. He noticed that his mom's friends didn't...
It was mentioned in Chapter 7.1 that if more than one active site is required in a unimolecular decomposition reaction, the denominator must be raised to a power greater than unity. Now, if a RDS...
What are some of the features of the Unified Process (UP)?
Discuss three international corporate-level strategies. Several of these strategies include exporting, licensing, strategic alliances, acquisitions, and wholly owned subsidiary
Go online and visit several job boards. In your opinion, which are the top 3 sites? Why is that? Post your top picks, along with reasons for your selection.
Why does IEEE 802.1Qca use IS-IS as the underlying protocol and not some other routing protocols such as OSPF or BGP? Don't provide plagiarism answer Urgent

Compared with judgmental selection, what is the major advantage of random selection ?

Question:

Step by Step Answer:

The major advantage of random selection compared to judgmental selection is its ability to reduce bi...View the full answer

Applications Of Statistical Sampling To Auditing

Students also viewed these Business questions