Question
An auditor uses statistical sampling to test receivables
confirmations. Why is statistical sampling often preferred over judgmental sampling?Solution
Statistical sampling allows quantification of sampling risk and more objective evaluation of evidence. It does not remove judgment or guarantee detection, but enhances reliability.
The average age of X, Y, and Z is 25 years, and the average age of X and Y was 19.5 years at the time of Z's birth. If X is now 30 years old, determine ...
- In a city, the average rainfall for the first five days of a week was 98 cm, while the average rainfall for the last five days was 105 cm. If the average r...
The average score of a group of 50 students is 90. When the scores of 4 students—X, Y, Z, and W—are excluded, the average of the rest falls by 2. If...
Average weight of all the people in a group is 60 kg. When two people of weight 66 kg and 84 kg left the group, average weight reduces by 1 kg. Find the...
The average of six numbers is 8. When three new numbers are included in such a way that the first number is  twice the second and second number is thri...
The average weight of 5 students in a study group is 38 kg. If the weight of 2 mentors is also included, then the new average weight of each person (men...
The average weight of x persons is 33 kg. The average weight of (x−16) women is 45 kg, the average weight of (x−30) children ...
Komal bought 20 kg rice for Rs 30 per kg, b kg rice for Rs 35 per kg and (b + 4) kg rice for Rs 25 per kg. She mixed all type of rice together and the a...
10.5, 19, 40, 82, 166, 334
In a World Cup match, the average runs scored by Virat Kohli in his first 8 matches are 28. What should be his average score in the next two matches for...
