Which of the following would be an advantage of using variables sampling ratherthan probability-proportional-to-size (PPS) sampling?(1) An estimate of the standard deviation of the population’s recorded amount isnot required.(2) The auditor rarely needs the assistance of a computer program to design anefficient sample.(3) The inclusion of zero and negative balances usually does not require specialdesign considerations.(4) Any amount that is individually significant is automatically identified andselected.

Which of the following would be an advantage of using variables sampling ratherthan probability-proportional-to-size (PPS) sampling?(1) An estimate of the standard deviation of the population’s recorded amount isnot required.(2) The auditor rarely needs the assistance of a computer program to design anefficient sample.(3) The inclusion of zero and negative balances usually does not require specialdesign considerations.(4) Any amount that is individually significant is automatically identified andselected.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 44P

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