Which of the following sampling methods would be used to estimate a numerical measurement of a population, such as a dollar value? Show
Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: (Population/Sample) Number of Accounts: 4,100/200 Book Balance: $5,000,000/$250,000 Balance Determined by the Auditor: ?/$300,000 Using the ratio estimation technique, the auditor's estimate of the year-end accounts payable balance would be Last Updated on January 30, 2022 by Admin 3
Explanation:
Which of the following would most likely be an advantage in using classical variables sampling rather than?Therefore, classical variables sampling would have an advantage over PPS sampling because variables sampling does not require special design considerations for inclusion of zero and negative balances.
Which of the following statements is an advantage of classical variables sampling?Which of the following statements is an advantage of classical variables sampling? If no errors are expected, classical variables sampling will result in a smaller sample size than probability-proportional-to-size sampling. A classical variables sampling plan can begin before the completed population is available.
What is the primary objective of using stratification as a sampling method in auditing?What is the primary objective of using stratification as a sampling method in auditing? a. To increase the confidence level at which a decision will be reached from the results of the sample selected.
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Which of the following sampling methods would be used to estimate a numerical measurement of a population such as a dollar value?
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