Question: What is meant by haphazard sample selection? Can it be used for statistical sampling? Explain why or why not.

What is meant by haphazard sample selection? Can it be used for statistical sampling? Explain why or why not.

Step by Step Solution

★★★★★

3.36 Rating (180 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Haphazard selection involves the selection of sample items without ... 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

222-B-A-A-B-R (431).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Q:

What is meant by selection and reduction as they relate to the transcription of an interview?

Q:

What is meant by the term equivalent production as used in the process cost system?

Q:

What is meant by the word well-being when used in an HCI approach?

Q:

07] What two sample selection methods are generally used with statistical sampling? 08] A sample selection method, used for non-statistical sampling, that selects items in a sequential/consecutive...

Q:

51 (OBJECTIVE 15-1) Distinguish between sampling risk and nonsampling risk. How can REVIEW QUESTI between each be reduced? 15-2 (OBJECTIVE 15-2) What are the three main phases of audit sampling? Are...

Q:

1. In an audit sampling application, an auditor a) Performs procedures on all items in a balance and makes a conclusion about the entire balance. b) Performs procedures on less than 100 percent of...

Q:

Key Terms Match the items A X below to the related definition. Some items may be used once, more than once or not at all. A Block sample selection G Sample exception rate (SER) M Computed upper...

Q:

True or False questions Exam Name TRUC/FALSE. Write 'T if the statement is true and 'F' if the statement is false. 1) 1) Acceplable risk of overreliance is the risk that the auditor is willing to...

Q:

1.__________________, whether statistical or nonstatistical, is the process of selecting and evaluating a sample of items from a population of audit relevance such that the auditors expect the sample...

Q:

1. 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...

Q:

CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 10 years...

Q:

Edelman Engines has $18 million in total assets. Its balance sheet shows $2 million in current liabilities, $10 million in long-term debt, and $6 million in common equity. It has 300,000 shares of...

Q:

Compare and contrast evolutionary and cyclic theory of social change

Q:

During the dinner hour, the distribution of the interarrival time of customers at Burger Barn is estimated to be as follows: In tera rriv a l T im e P robability 30 seconds .45 60 seconds .25 90...

Q:

An electric motor on a conveyor burned out. The foreman told the plant manager that the motor had to be replaced. The foreman indicated that there were no alternatives and asked for authorization to...

Q:

Bill Jones's parents insisted that Bill buy himself a new sport shirt. Bill's father gave specific instructions, saying the shirt must be in "good taste, that is, neither too wildly colored nor too...

Q:

A farmer must decide what combination of seed, water, fertilizer, and pest control will be most profitable for the coming year. The local agricultural college did a study of this farmer's situation...

Q:

ShowthatthefunctionbelowisthePDFofR,thedistance betweentheepicenterofan earthquake and the site of a dam, when the epicenter is equally likely to be at any location along a neighboring fault (see...

Q:

Integrative-Leverage and risk Firm has sales of 104.000 units at $2.05 per unit, variable operating costs of $1.71 per unit, and fixed operating costs of $6,000 Interest is $10.080 per year Firm Whas...

Q:

The greatest competitive advantage in managing employees in a customer-strategy organization lies in: Using technology to automate more routine jobs. Equalizing salaries to value lower-tier...