Classical Variables Sampling vs Probability-to-Size Sampling
Week 5 Application: Classical Variables Sampling vs. Probability-to-Size Sampling
Choosing the right sampling method to achieve the desired information requires an auditor’s judgment. Using the information presented in this document calculate
Requirement 1, Requirement 2, and Requirement 3.
Analyze your calculations and then write a one page paper on your analysis. Determine whether Anthony’s Orchard’s choice of PPS sampling is the most systematic approach and yields the desired results to satisfying their audit needs or whether the audit needs would be best satisfied through classical variables sampling. Evaluate the difference between classical variables sampling and PPS sampling.
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