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Provide an example of a random sample and a block sample

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Reference no: EM132990414

Question -

1. What is sampling risk?

2. What is non-sampling risk?

3. Describe the difference between a systematic sample and a block sample (to receive full credit your answer must include more than just including which sample is probabilistic and which is nonprobabilistic).

4. Provide an example of a random sample and a block sample. Which sample allows for the auditor to quantify (measure) sampling risk?

Reference no: EM132990414

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