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yKpoI14uk [10]
4 years ago
7

What is the benefit of using statistical sampling versus nonstatistical sampling?

Mathematics
1 answer:
taurus [48]4 years ago
4 0
<span>Statistical sampling: Uses laws of probability for selection and evaluation of a sample. Allows for quantification of audit risk and sufficiency of audit evidence. Nonstatistical sampling: Does not utilize statistical models in calcualtions. Uses a non-mathematical approach to determine sample sizes and evaluate the selected samples.</span>
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