Which of the following describes sampling risk? a. The sample will not contain characteristics representative of...
Which of the following describes sampling risk?
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a. |
The sample will not contain characteristics representative of the population such that inferences made about that population will be incorrect. |
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|
b. |
The population will not contain characteristics representative of the sample such that inferences made about that sample will be incorrect. |
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c. |
The auditor incorrectly applies sampling methodology. |
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|
d. |
The sample size will be larger than needed. |
Homework Answers
Answer- Sampling risk describes = The sample will not contain characteristics representative of the population such that inferences made about that population will be incorrect (Option a).
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Which of the following describes sampling risk? a. The sample will not contain characteristics representative of...
Which of the following is an accurate statement regarding sampling distribution? A. Each population exception rate...
Which of the following is an accurate statement regarding sampling distribution? A. Each population exception rate and sample size has the same sampling distribution. B. Sampling distributions allow the auditor to make probability statements about the likely representativeness of any sample that is in the distribution. C. Auditors cannot use sampling distributions to draw statistical conclusions about the unknown population being sampled. D. A sampling distribution is a sample with characteristics the same as those of the population.
Chapter 9 Audit Sampling 1.Three factors that determine the sample size are the risk of assessing...
Chapter 9 Audit Sampling 1.Three factors that determine the sample size are the risk of assessing control risk too high, tolerable deviation rate, and the expected population deviation rate. a. True b.False 2.While performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. It was, in fact, not materially misstated. This situation illustrates the risk of a. Incorrect rejection b. Incorrect acceptance c....
Which of the following is used in attribute sampling to determine the sample size? a) Sampling...
Which of the following is used in attribute sampling to determine the sample size? a) Sampling risk, sample deviation rate, and tolerable deviation rate. b) Sampling risk, sample deviation rate, and expected population deviation rate. c) Sampling risk, tolerable deviation rate, and expected population deviation rate. d) Sample deviation rate, tolerable deviation rate, and expected population deviation rate.
Which of the following statements about sample size is true? a. A rule of thumb is...
Which of the following statements about sample size is true? a. A rule of thumb is to include at least two members from every subgroup to be analyzed. b. If the sample size is very small, a judgmental sample may be more reliable and representative than a probability sample. c. The determination of sample size should not involve cost. d. Low sampling costs do not justify a larger sample. e. None of the above.
Consider the following statements regarding sampling. Which of the following are true statements? I. Attribute sampling...
Consider the following statements regarding sampling. Which of the following are true statements? I. Attribute sampling is appropriate when estimating the “true” monetary value of an account balance. II. A haphazardly selected sample may be used with attribute sampling techniques. III. Judgmental sampling typically yields larger sample sizes than statistical sampling. IV. Statistical sampling allows the auditor to quantify and control for sampling risk. I, IV II, III I, III, IV IV
Which of the following statements is true related to sampling in quantitative research? a. researchers should...
Which of the following statements is true related to sampling in quantitative research? a. researchers should use a power analysis to estimate sample size b. larger samples are preferable to smaller samples because larger samples enhance statistical conclusion validity and tend to be more representative c. Large samples guarantee representativeness. d. a and b
0/1 pts Incorrect Question 3 Which of the following characteristics describe viruses? they contain a nucleoid...
0/1 pts Incorrect Question 3 Which of the following characteristics describe viruses? they contain a nucleoid region they contain ribosomes they are usually larger than bacteria they are filterable (can pass through a filter)
Which of the following are the characteristics of the population distribution? (Hint: 2 correct answers.) The...
Which of the following are the characteristics of the population distribution? (Hint: 2 correct answers.) The population distribution is centered on zero. The population distribution has a standard deviation of 1. The population distribution changes depending on the sample size we use The population distribution can have a smaller standard deviation than the sampling distribution of the sample mean. The population distribution has a standard deviation of We use the population distribution when we have information only on a subsample...
Which of the following statements about the sampling distribution of the sample mean, x-bar, is not...
Which of the following statements about the sampling distribution of the sample mean, x-bar, is not true? The distribution is normal regardless of the shape of the population distribution, as long as the sample size,n, is large enough. The distribution is normal regardless of the sample size, as long as the population distribution is normal. The distribution's mean is the same as the population mean. The distribution's standard deviation is smaller than the population standard deviation. All of the above...
Which of the following is true about the sampling distribution of means? Shape of the sampling...
Which of the following is true about the sampling distribution of means? Shape of the sampling distribution of means is always the same shape as the population distribution, no matter what the sample size is. Sampling distribution of the mean is always right skewed since means cannot be smaller than 0. Sampling distributions of means are always nearly normal. Sampling distributions of means get closer to normality as the sample size increases.
0/1 pts Incorrect Question 3 Which of the following characteristics describe viruses? they contain a nucleoid region they contain ribosomes they are usually larger than bacteria they are filterable (can pass through a filter)
Which of the following are the characteristics of the population distribution? (Hint: 2 correct answers.) The population distribution is centered on zero. The population distribution has a standard deviation of 1. The population distribution changes depending on the sample size we use The population distribution can have a smaller standard deviation than the sampling distribution of the sample mean. The population distribution has a standard deviation of We use the population distribution when we have information only on a subsample...
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