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.
Two trains ‘A’ and ‘B’ started from station ‘P’ and ‘Q’ towards station ‘Q’ and ‘P’ respectively at the same time. When they met...
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The ratio of the length of two trains P and Q is 5:6 and the ratio of the time taken by both trains to cross a man standing on a platform is 2:3. If the...
A train 120 m long runs at 54 km/h. It passes a pole in 8 seconds. In how many seconds will it pass a platform of length 180 m?
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Two trains of lengths 180 m and 220 m are moving in opposite directions with speeds 54 km/h and 72 km/h respectively. In how many seconds will they cros...
1440 metres long train crosses a man who is moving in the same direction with a certain speed in 30 seconds. If the same train can cross a pole in 24 se...
- A train can cross a pole in 8 seconds while it can cross a 216 metres long platform in 26 seconds. Find the time (in hours) taken by the train to cover a d...
Speeds of train 'A' and train 'B' are in the ratio 2:3, respectively. Train 'B' can completely overtake train 'A' in 300 seconds. If lengths of train 'A...
