Distinguish between nonstatistical and statistical sampling. What are the advantages and disadvantages of using statistical sampling?
All Answers
total answers (1)
total answers (1)
Accounting
- statistical Sampling: uses the law of probability to compute sample size, and to evaluate sample results. permits the use of the most efficient sample size and to quantify the sampling risk for the purpose of reaching a statistic conclusion about the population
- non statistical sampling : The auditor must rely on his or her professional judgement in combination with audit firm guidance an knowledge on the underlying sampling theories.
need an explanation for this answer? contact us directly to get an explanation for this answer