Question: a) Describe the difference between random selection and haphazard selection. Which sampling method is more costly? Explain. b) When testing the existence of inventory, it

a) Describe the difference between random selection and haphazard selection. Which sampling method is more costly? Explain.

b) When testing the existence of inventory, it is appropriate to select a sample from the clients inventory listing, whereas when testing the completeness of inventory, it is appropriate to select a sample of physical inventory.

i) Explain this statement. ii) For each test, describe the population and suggest a sampling approach.

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