AUDITING & ASSURANCE SERV.>CUSTOM<W/AC
AUDITING & ASSURANCE SERV.>CUSTOM<W/AC
8th Edition
ISBN: 9781266045905
Author: LOUWERS
Publisher: MCG CUSTOM
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Chapter E, Problem 63EP

a.

To determine

Explain the advantages and disadvantages of sampling to Person R.

b.

To determine

Explain the advantage and disadvantage of statistical sampling to the Person R.

c.1

To determine

Describe the term sampling and non-sampling risk.

c.2

To determine

State the way Person R will control exposure to sampling and non-sampling risk.

c.3

To determine

Provide some possible explanation for sampling risk and non-sampling risk for the given situation.

d.

To determine

Indicate the way Person R will select the sample from the city’s property tax rolls by assuming that Person R has decide to use unrestricted random selection to obtain a sample of households for examination.

e.

To determine

Explain the given statement to the Person R.

f.

To determine

Explain the given situation to the Person R and also provide the advice that must be given to Person R.

g.

To determine

Explain the given situation to the Person R and also provide the advice that must be given to Person R. by assuming that the sample estimate is $42,000 and precision is of $10,000.

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