Compare the different types of random sampling methods. Describe
an example in which stratified sampling and cluster sampling should
be used. Do not cite examples already provided by peers. In replies
to peers, provide analysis and recommendations.
. Explain the different techniques of probability
sampling and non-probability sampling and provide an example for
each type.
The student has to provide an example for each
type.
1. How is non-sampling risk reduced?
2. In tests of controls, there are two types of sampling risk.
For each type, give a short description and identify whether it
affects audit efficiency or audit effectiveness.
3. In substantive tests, there are two types of sampling risk.
For each type, give a short description and identify whether it
affects audit efficiency or audit effectiveness.
4. Which one is of greater concern to the auditor: risk
affecting audit effectiveness or risk affecting...
What does probability (random) and non-probability (non-random)
sampling mean? Give a short example of how each could be performed
to collect data. What are the advantages and disadvantages between
probability and non-probability sampling? "Random" is a word that
is used too often throughout statistics. Find (or create) two
examples of the word "random" being used to represent different
meanings.