Question 7 Many populations which auditors audit are skewed.
There is a large number of smaller transactions, but the number of
larger transactions tails off, making the population look like an F
distribution. Required: a. Is it appropriate to perform statistical
sampling from such a population? b. Why is it appropriate, or why
it is not appropriate, to perform statistical sampling from such a
population? c. If the auditor uses parametric statistics (based on
a normal distribution), will those statistics...