Explain the advantages of statistical sampling over nonstatistical sampling.
Question:
Explain the advantages of statistical sampling over nonstatistical sampling.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
In statistical sampling sample size is determined objectively or quantitati...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions The following questions concern sampling for attributes. Choose the best response. a. An advantage of statistical sampling over nonstatistical sampling is that statistical...
-
Multiple Choice 1. An advantage of statistical sampling over non-statistical sampling is that statistical sampling helps an auditor to a. Eliminate the risk of non-sampling errors. b. Reduce audit...
-
An advantage of statistical sampling over non-statistical sampling methods is that statistical methods a. Afford more assurance than a non-statistical sample of equal size. b. Provide an objective...
-
As the Developing market of Southern Africa there is endless growth opportunities and constant ask for high growth pushed by the business, this growth comes normally in a very erratic way but as...
-
In 2012 the Keenan Company paid dividends totalling $850,000 on net income of $4.25 million. 2012 was a normal year, and for the past 10 years, earnings have grown at a constant rate of 6%. However,...
-
Calculating Annuity Values Bilbo Baggins wants to save money to meet three objectives. First, he would like to be able to retire 30 years from now with a retirement income of $23,000 per month for 20...
-
Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School Cash $ 5,000 $ 5,000 United Way Cash 4,000 4,000 American Heart Association Antique painting 15,000...
-
Refer to Exercise 10.7 for data. At the end of Year 2, the manager of the Houseware Division is concerned about the divisions performance. As a result, he is considering the opportunity to invest in...
-
Check my Required Information Problem 9-4A (Static) Estimating warranty expense and liability LO P4 [The following information applies to the questions displayed below. On October 29, Lobo Company...
-
Jo Herrer started Herrers Bicycle Shop in Tilburg at the end of the 1980s, and the business has thrived in this very green university town in the Netherlands. Jo imports bikes from renowned global...
-
When defining the population and sampling unit, sometimes an auditor must look for a reciprocal population. A reciprocal population is: a. A class of transactions or the account balance to be tested....
-
Holding all other factors constant, which of the following factors results in an increase in sample size for substantive tests? a. A decrease in the amount of expected misstatement in the population...
-
What does a firms LRAC curve show? How is it related to the firms short-run ATC curves?
-
Machine cost = $15,000; life = 8 years; salvage value = $3,000. What minimum cash return would an investor demand annually from the operation of this machine if he desires interest annually at the...
-
Write a program that prompts for the student's name, the number of exams, the exam score of each exam, and display the letter grade for the student. Read the entire problem description before coding....
-
Considering only the vertical stabilizer and rudder, explain the aerodynamic forces and moments that are created. You must include at least applicable airfoil terminology, description of force...
-
part. Review A bicycle wheel is rotating at 47 rpm when the cyclist begins to pedal harder, giving the wheel a constant angular acceleration of 0.44 rad/s. Part B How many revolutions does the wheel...
-
Suppose the number of students who register for a certain class each semester can be modeled by a Poisson distribution with average 10. Suppose further that each student passes the class with...
-
A blogger claims that U.S. adults drink an average of five 8- ounce glasses (thats 40 ounces) of water per day. Researchers wonder if this claim is true, so they ask a random sample of 24 U.S. adults...
-
In what ways does a well-designed enterprise search software vary from popular search engines (e.g., Bing, DuckDuckGo, and Google)?
-
Explain how an understanding of consumers learning processes might affect marketing strategy planning. Give an example.
-
Briefly describe your own beliefs about the potential value of low-energy compact fluorescent lightbulbs, your attitude toward them, and your intention about buying one the next time you need to...
-
Give an example of a recent purchase experience in which you were dissatisfied because a firms marketing mix did not meet your expectations. Indicate how the purchase fell short of your expectations...
-
WHEN INVESTORS PREFER SHORT TERM INVESTMENTS THIS IS CALLED
-
You have been advised that the cost of ordinary equity is 8%, preference shares are 10% and pre-tax cost of debt is 7%. The weights of preference shares is 25% and ordinary shares are 45%. The tax...
-
Leverage can boost your profit or losses. Debt can give you leverage, also options can do that as well. From your corporate finance course you may recall that debt gives corporations leverage....
Study smarter with the SolutionInn App