Discuss Two Causes of Nonsampling Risk

question 77

Essay

Discuss two causes of nonsampling risk. Also discuss ways the auditor can control nonsampling risk.

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Definitions:

kth Percentile

Represents the value below which a specified percentage (k) of observations in a group of observations fall.

Observations

Data collected during an experiment or survey. They are individual instances of the data collected.

Frequency Distribution

A statistical representation showing the number of observations within specified intervals, commonly used to visualize data distributions.

Scatter Plot

A type of graph used in statistics to display values for typically two variables for a set of data, with each point representing the values of two variables.