An Auditor Is Using the Probability Proportional to Size Selection

question 49

Multiple Choice

An auditor is using the probability proportional to size selection method. Using this method, the chance of selecting a $100 account balance compared to selecting a $500 account balance is:

• A) 50 per cent.
• B) 20 per cent.
• C) less but not determinable without knowing the dollar amount of the population.
• D) greater but not determinable without knowing the dollar amount of the population.

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Definitions:

Sort Cards

A task or activity involving the categorization of cards into groups according to specific criteria or characteristics.

Irrelevant Information

data or details that do not have a direct bearing on the matter at hand, often serving as a distraction from the relevant issues.

Factotum

A person who does all kinds of work; a jack of all trades.

Elaborative Strategy

A method for increasing retention of new information by relating it to well-known information.