The determination of a sampling distribution requires a population with a known mean, standard deviation, sample size,
Question:
The determination of a sampling distribution requires a population with a known mean, standard deviation, sample size, and knowledge of the population distribution. In practice, the auditor is usually certain of only the sample size. Why is it important to understand sampling distributions when most of the information to calculate them is not known in practice ?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Applications Of Statistical Sampling To Auditing
ISBN: 9780130391568
1st Edition
Authors: Alvin A. Arens, James K. Loebbecke
Question Posted: