Random sampling is a way of sampling where each unit in a population has equal chance of being selected. Unbiased sample are being selected from the population and if such selected sample does not represent the population then it is said to be sampling error. Results of the audit tests and indication regarding fair presentation of inventory account.

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Chapter 9, Problem 9.26P

To determine

Introduction: Random sampling is a way of sampling where each unit in a population has equal chance of being selected. Unbiased sample are being selected from the population and if such selected sample does not represent the population then it is said to be sampling error.

Results of the audit tests and indication regarding fair presentation of inventory account.

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