An auditor has taken a large sample from an audit population that is skewed in the sense that it contains a large number of small dollar balances. The auditor can conclude
A) The sampling distribution is not normal; therefore MUS sampling will more accurately define the nature of the population.
B) The sampling distribution is normal; therefore the confidence coefficient value can be used to evaluate the sample results.
C) The sampling distribution is not normal; thus attribute sampling is the only alternative statistical tool that can be appropriately used.
D) None of the other answers is correct.

Question

Quizplus · Accepted Answer

The Central Limit Theorem states that with a large enough sample size, the sampling distribution of the sample mean will be approximately normal, regardless of the population distribution.

An Auditor Has Taken a Large Sample from an Audit