Which of the Following Is an Advantage of PPS Sampling

question 23

Multiple Choice

Which of the following is an advantage of PPS sampling over variable sampling?

• A) it is more suitable for detecting errors of understatement.
• B) individually material items are automatically selected.
• C) as expected error increases, sample size will be smaller than that required by variable sampling.
• D) all of the above.

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Definitions:

Exponential Smoothing

a forecasting technique that applies decreasing weights to past observations, giving more importance to recent data for future predictions.

Alpha Value

A statistical concept that represents the level of significance in hypothesis testing, commonly set at 0.05 or 5%, indicating the probability of rejecting a true null hypothesis.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Two Variables

Refers to situations or analyses that involve two different variables, allowing for the examination of relationships or interactions between them.