A Sampling Plan in Which an Initial Sample Is Selected

question 61

Multiple Choice

A sampling plan in which an initial sample is selected and the audit team draws a final conclusion or selects additional items before drawing a final conclusion is called

• A) Attributes sampling.
• B) Discovery sampling.
• C) Sequential sampling.
• D) Statistical sampling.

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Definitions:

Commute Time

The duration of time it takes an individual to travel from home to their place of work or study and vice versa.

Richmond Hill

A town in South-Central Ontario, Canada, part of the Greater Toronto Area.

Standard Deviation

A gauge of the extent to which a collection of numbers varies or is spread out.

Mean Weight

The average weight of a set of objects or individuals, calculated by summing their weights and dividing by the number of objects or individuals.