Non-Probabilistic Sample Selection Methods Are NOT Based on Strict Mathematical

question 60

Multiple Choice

Non-probabilistic sample selection methods are NOT based on strict mathematical probabilities; therefore:

• A) they are discouraged by the Corporations Act.
• B) they are not as good as statistical sampling.
• C) they are forbidden by the Statements of Auditing Standards.
• D) the representativeness of the sample may be difficult to determine.

---

Definitions:

Z Score

A statistical measurement that describes a value's relationship to the mean of a group of values, expressed in terms of standard deviations from the mean.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean.

Raw Score

An original, unmodified score obtained in a measurement or test.

Normal Curve

Another term for a normal distribution, characterized by its bell-shaped curve where most observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.