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The CAE of HVR Company has asked you to explain the fundamental differences between statistical and nonstatistical sampling in a manner that will help him
The CAE of HVR Company has asked you to explain the fundamental differences between statistical and nonstatistical sampling in a manner that will help him make an informed decision about the nature of the sampling training that his internal audit staff needs. Explain to the CAE how the two sampling approaches differ with respect to:
a. Sample size determination
b. Sample selection
c. Evaluating sample results
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