Number of people = 5 (Suzanne, Barry, and 3 friends)
Number of bagels = 4
4 bagels divided between 5 people is 4/5.
<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>
