Ask Question
15 March, 17:44

What is the benefit of using statistical sampling versus nonstatistical sampling?

+2
Answers (1)
  1. 15 March, 20:38
    0
    Statistical sampling: Uses laws of probability for selection and evaluation of a sample. Allows for quantification of audit risk and sufficiency of audit evidence. Nonstatistical sampling: Does not utilize statistical models in calcualtions. Uses a non-mathematical approach to determine sample sizes and evaluate the selected samples.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the benefit of using statistical sampling versus nonstatistical sampling? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers