Which of the following best describes the distinguishing feature of statistical sampling compared with non-statistical sampling?
A) It provides a means for measuring mathematically the degree of uncertainty that results from examining only part of a population.
B) It requires the examination of a smaller number of supporting documents.
C) It is evaluated in terms of two parameters: statistical mean and random selection.
D) It reduces the problems associated with the auditor's judgment concerning materiality.

Question

Quizplus · Accepted Answer

Statistical sampling involves selecting a sample from a population and using statistical techniques to analyze the results in order to make inferences about the population as a whole. One key feature of statistical sampling is that it allows for the estimation of the degree of uncertainty in the sample results, which can be expressed mathematically through measures such as confidence intervals and margin of error. Non-statistical sampling, on the other hand, typically relies on auditor judgment or other non-mathematical criteria to select and evaluate samples. Therefore, option A is the correct answer.

Which of the Following Best Describes the Distinguishing Feature of Statistical