What methods of sample selection are appropriate to use with a statistical sampling plan? Why?
Answer to relevant QuestionsDefine the terms precision ( allowance for sampling risk), reliability ( confidence), and precision interval.What factors affect the sample size used in a variables sampling application? How do these factors affect sample size?Selecting a sample using a series of random numbers to identify sample items is referred to as a. Block selection. b. Haphazard selection. c. Systematic random selection. d. Unrestricted random selection.In audit sampling applications, sampling risk is a. A characteristic of statistical sampling applications but not of non-statistical applications. b. The probability that the audit team will fail to recognize erroneous ...In a sampling application to determine the average weight of students enrolled in a fitness class, if the sample estimate is 120 pounds, the precision is 10 pounds, and the reliability is 90 percent, which of the following ...
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