Question: How does the use of probability- proportional- to-size selection provide an increased chance of sampling larger items?

How does the use of probability- proportional- to-size selection provide an increased chance of sampling larger items?

Step by Step Solution

★★★★★

3.36 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Probabilityproportionaltosize sample selection gives each individual ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

331-B-A-A-A-N (373).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Q:

How does the use of encumbrance procedures improve budgetary control over expenditures?

Q:

How does the use of market-value accounting help managers?

Q:

How does the use of a database management system affect risks?

Q:

Define audit sampling. Why do auditors sample instead of examining every transaction? Distinguish between Type I and Type II errors. What terms are used to describe these errors when the auditor is...

Q:

Define audit sampling. Why do auditors sample instead of examining every transaction? Distinguish between Type I and Type II errors. What terms are used to describe these errors when the auditor is...

Q:

How does the use of probability-proportional-to-size selection provide an increased chance of sampling larger items? P-9652

Q:

Business Research MethodologyQuestion Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

Q:

10. An experimenter has some degree of control over the: a. independent variable. b. correlative variable. c. history effect. d. All of the above, if the experiment is conducted properly. 11. If a...

Q:

Business Research Methodology- Question Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

Q:

\fJournal of Mixed Methods Research http://mmr.sagepub.com Mixed Methods Sampling: A Typology With Examples Charles Teddlie and Fen Yu Journal of Mixed Methods Research 2007; 1; 77 DOI:...

Q:

Complex Transactions, Cash Paid for Income Taxes. Zurry Coach Service reported an increase in income taxes payable of $ 1,400 during the year and a decrease in deferred-tax asset of $ 2,000. Its...

Q:

Geothermal liquid water from a well is available at 210oF at a rate of 86,000 lbm/h and is to be used for space cooling using an absorption refrigeration system. Geothermal water leaves the generator...

Q:

Explain ( a ) the ABC Method and ( b ) the Pareto Principle, two techniques that aid in effective time management.

Q:

The Hughes Tools Company started business on October 1, 2015. Its fiscal year runs through to September 30 the following year. The following transactions occurred in the fiscal year that started on...

Q:

The balance in the unearned fees account, before adjustment at the end of the year, is $9,750. What is the adjustment if the amount of unearned fees at the end of the year is $5,600? Indicate each...

Q:

The balances of the two wages accounts at December 31, after adjustments at the end of the first year of operations, are Wages Payable, $5,750, and Wages Expense, $133,400. Determine the amount of...

Q:

1. You want to let the sales manager know which clients you will be visiting within your territory next week. Which communication channel would you select and why? 2. One of your clients complained...

Q:

Why is it important for a communication channel to have provisions for feedback? Can you think of a situation in which it may be useful to have communication without any provisions for feedback?...

Q:

11. What is the purpose of strategic trade policy?

Q:

Dei ne audit risk and materiality. How are these concepts reflected in the auditors report?

Q:

Briel y describe why on most audit engagements an auditor tests only a sample of transactions that occurred.

Q:

Briel y describe why on most audit engagements an auditor tests only a sample of transactions that occurred.

Q:

REQUIRED INVESTMENT Truman Industries is considering an expansion. The necessary equipment would be purchased for $ 9 million, and the expansion would require an additional $ 3 million investment in...

Q:

Case Study : Minute Clinic. Mentioning a nationwide shortage of primary care providers, millions of newly insured patients through the Affordable Care Act, and an aging population, Dr. Andrew...

Q:

If two projects offer the same positive NPV, then they: also have the same IRR. have the same payback period. are mutually exclusive projects. add the same amount of value to the firm