In auditing a firm's financial statements, an auditor will (I) assess the capability of the firm's accounting system to accumulate, measure, and synthesize transactional data properly, and (2) assess the operational effectiveness of the accounting system. In performing the second assessment, the auditor frequently relies on a random sample of actual transactions (Stickney and Weil, Financial AccounringAn Introdz~ction to Concrpts, Methods, and Uses, 1994). A particular firm has 5,382 customer accounts that are numbered from 0001 to 5382.

a. One account is to be selected at random for audit. What is the probability that account number 3,241 is selected?

b. Draw a random sample of ten accounts and explain in detail the procedure you used.

c. Refer to part b.The following are two possible random samplcs of size ten. Is one more likely to be selected than the other? Explain.
Sample Number 1 Sample Number 2