Which of the following statements regarding sampling risk is NOT accurate?
A) Sampling risk is the risk that the sample was not representative of the population.
B) Sampling risk is generally insignificant when looking for fraud.
C) To reduce sampling risk, the investigator can use a random number generator.
D) To reduce sampling risk, the investigator can increase the sample size.

Question

Quizplus · Accepted Answer

Sampling risk is always present regardless of the purpose of the investigation. It is the risk that the sample selected contains errors or biases, leading to incorrect conclusions. While larger sample sizes and random selection can help reduce sampling risk, it can never be completely eliminated. It is still important to consider sampling risk when looking for fraud as an unrepresentative sample could miss fraudulent activity.

Which of the Following Statements Regarding Sampling Risk Is NOT