
Concept explainers
a.
Explain the advantages and disadvantages of sampling to Person R.
b.
Explain the advantage and disadvantage of statistical sampling to the Person R.
c.1
Describe the term sampling and non-sampling risk.
c.2
State the way Person R will control exposure to sampling and non-sampling risk.
c.3
Provide some possible explanation for sampling risk and non-sampling risk for the given situation.
d.
Indicate the way Person R will select the sample from the city’s property tax rolls by assuming that Person R has decide to use unrestricted random selection to obtain a sample of households for examination.
e.
Explain the given statement to the Person R.
f.
Explain the given situation to the Person R and also provide the advice that must be given to Person R.
g.
Explain the given situation to the Person R and also provide the advice that must be given to Person R. by assuming that the sample estimate is $42,000 and precision is of $10,000.

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Chapter E Solutions
Auditing & Assurance Services (Auditing and Assurance Services)
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