As an alternative to using a random number generator, an auditor can use systematic sampling to select an unbiased sample. Using systematic sampling, select the first five sample items for populations (1) through (3) from part a., using the random starting points shown. Recall that the sample size is 75 in each case.
As a staff auditor, you need to develop a sampling plan and select an unbiased random sample for each of the three independent scenarios listed below. The in-charge on the audit engagement has instructed you to use the Excel RANDBETWEEN function to select the sample items. For each scenario, develop a sampling plan that includes […]