Which of the following sampling risks is associated with the use of variables sampling?
A) Risk of assessing control risk too high: Yes; Risk of incorrect rejection: Yes
B) Risk of assessing control risk too high: Yes; Risk of incorrect rejection: No
C) Risk of assessing control risk too high: No; Risk of incorrect rejection: Yes
D) Risk of assessing control risk too high: No; Risk of incorrect rejection: No

Question

Quizplus · Accepted Answer

Variables sampling is used to estimate a numerical measure of a population characteristic. The risk of incorrect rejection can occur in variables sampling as there is a possibility of errors in calculations or estimation. However, it does not have a risk of assessing control risk too high as it is not directly related to the assessment of control risk. So, option C is the correct choice as it mentions the risk of incorrect rejection but not the risk of assessing control risk too high.

Which of the Following Sampling Risks Is Associated with the Use