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Question 6 (04 + 03 + 03 = 10 Marks) 6) What is sampling error and...

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Statistics

Question 6 (04 + 03 + 03 = 10 Marks) 6) What is sampling errorand why is it not present in a survey of a population? Stratifiedrandom sampling reflects Pareto’s 80:20 Principle. Discuss howstratified random sampling can make audit sampling (e.g. foraccounts receivable (A/R), inventory, or payroll) morecost-effective. What is the main statistical downside of stratifiedrandom sampling?

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Answer Mistake in measurable examination emerging from the unrepresentativeness of the example taken is know as testing blunder Explanation behind the not nearness of the examining in a study of a populace Testing blunder is a factual mistake that happens when an investigator does not choose the example that does not speak to the whole populace of information The outcomes found in the example along these lines dont speak to the    See Answer
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