An Advantage of Using Statistical Sampling Techniques Is That Such

question 76

Multiple Choice

An advantage of using statistical sampling techniques is that such techniques:

• A) Mathematically measure risk.
• B) Eliminate the need for judgmental decisions.
• C) Define the values of allowance for sampling risk and tolerable misstatement required to provide audit satisfaction.
• D) Have been established in the courts to be superior to judgmental sampling.

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Definitions:

Closely Spaced Fractures

Multiple fractures within a rock mass that are located relatively close to each other, often affecting the rock's structural integrity and permeability.

Soluble Chemical Composition

Describes substances that can be dissolved in a solvent, referring to the makeup of a compound in terms of its ability to dissolve in liquids.

Sorting

The process by which sediment grains are selected and separated according to their size by agents of erosion or deposition.

Size Range

The spectrum or distribution of sizes for particles, objects, or phenomena, from the smallest to the largest.