Statistical Sampling for Testing Control Procedures 1. Statistical Sampling for Testing Control Procedures 2. MULTIPLE CHOICE 3. 1. Auditors who prefer statistical sampling to non-statistical sampling may do so because statistical sampling helps the auditor 4. a. Measure the sufficiency of the evidential matter obtained. b. Eliminate subjectivity in the evaluation of sampling results. c. Reduce the level of tolerable error to a relatively low amount. d. Minimize the failure to detect a material misstatement
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Cluster Sampling Cluster sampling‚ also called block sampling. In cluster sampling‚ the population that is being sampled is divided into groups called clusters. Instead of these subgroups being homogeneous based on selected criteria as in stratified sampling‚ a cluster is as heterogeneous as possible to matching the population. A random sample is then taken from within one or more selected clusters. For example‚ if an organization has 30 small projects currently under development‚ an auditor looking
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Sampling and Data Collection Plan QNT/561 Sampling and Data Collection Plan Newshore Medical Center is a manufacturer of pharmaceutical products that sells products to medical facilities throughout the United States. Our products encompass all aspects of life‚ from newborns to aging adults. Newshore Medical Center manufactures products from nutrition‚ medical supplies‚ and pharmaceuticals. The company recently incorporated a new division to manufacture diagnostic products. The goals
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Ans.1: Non-Probability Sampling: When the units of a sample are chosen so that each unit in the population does not have a calculable non-zero probability of being selected in the sample‚ this is called Non-Probability Sampling. Also‚ Non-probability sampling is a sampling technique where the samples are gathered in a process that does not give all the individuals in the population equal chances of being selected. In contrast with probability sampling‚ non-probability sample is not a product
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point to another which sets the consistency of data distribution i. 5‚ 10‚ 15… ii. 30‚ 40‚ 50 d. Ratio – resembles similar characteristics with interval‚ except that there exists an ‘absolute zero-value’ June 4‚ 2013 MODULE 2: SAMPLE AND SAMPLING DISTRIBUTION Sample - any representation as a portion of the population this is used to conserve MET (money‚ effort‚ and time) Slovin’s Formula – used to determine the “ideal” sample size (n) Ex. N = 1000 e = 0.05
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Sampling and Data Collection in Research Sandra Vargas BSHS/435 3/26/2015 Judith A. Geske University of Phoenix Sampling and Data Collection in Research Sampling and Data Collection in Research are tools that assist researchers to gather important information regarding a specific group of people (Monette‚ Sullivan‚ & DeJong‚ 2011). There are fundamental steps that need be followed to practice accurate research as much as possible. For example‚ probability and nonprobability as stated by
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Chapter 15 Audit Sampling for Tests of Transactions Key objectives: 1. Explain the concept of representative sampling. 2. Distinguish between statistical and nonstatistical sampling. 4. Define and describe audit sampling for exception rates. 5. Use nonstatistical sampling in tests of controls and substantive tests of transactions. 6. Define and describe attribute sampling and a sampling distribution. 7. Use attribute sampling in tests of controls and substantive tests of transactions
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Sampling and Data Collection Plan Name QNT/561 October 27‚ 2014 Instructor Introduction Royal Blue Airlines is a medium sized airline company offering flights throughout the United States‚ Mexico‚ Caribbean Islands‚ and Latin America. The company operates a fleet of Boeing 737 aircrafts and is in the process of replacing older ones with newer‚ state-of-the-art planes. These new planes are very expensive‚ so management wants to maximize passenger count. A study has been authorized to
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(Mt. Hood Furniture—PPS sampling problem) You have been assigned the task of testing the accuracy of the final inventory compilation for Mt. Hood Furniture. You may assume that you have separately observed the inventory and that you are satisfied that the inventory was accurately counted. However‚ you need to test that quantities were accurately transcribed to the final accumulation and valuation of inventory and that the inventory is correctly priced and accumulated. The table beginning on
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process with the four (4) colleges of the school. Table 1 Distribution of Respondents Instrument This study used the research-made questionnaire to gather data that could provide the needed information. Procedure Gathering Data Random sampling method was used in gathering the data. Students belong to the day and night programs were also considered to determine the appropriate sample size and a 5% margin of error was used. The sample was drawn
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