Which characteristic in a statistical study is necessary in order for conclusions to be drawn regarding the wholepopulation, based on the sample population?ResponsesThe sample must be randomly selected.The sample must be randomly selected.The sample must not be randomly selected.The sample must not be randomly selected.The population size must meet a minimum number requirement, based on the sample size.The population size must meet a minimum number requirement, based on the sample size.The population size must meet a maximum number requirement, based on the sample size.The population size must meet a maximum number requirement, based on the sample size.

Which characteristic in a statistical study is necessary in order for conclusions to be drawn regarding the wholepopulation, based on the sample population?

Sampling is an essential part of the research process. It allows researchers to draw meaningful conclusions about a population without the need to study every individual within that population. The sampling procedure should be done properly and adequately to ensure that the research findings are valid and representative of the population. What key steps can a researcher follow when selecting a sample from the population?Group of answer choicesDefine the problem; Identify the sampling frame; Select a random sample; Collect data; Analyse the dataDefine the problem; Identify the sampling frame; Select the sampling methods; Determine the sample size; Select the sample elements; Gather data from designated elementsDefine the literature review; Identify the population; Determine population size; Identify the sampling frame; Select the sample; Gather data from designated elementsIdentify available literature on the sample; Determine sample size; Design the survey; Collect data

When using statistical sampling for tests of controls, an auditor's evaluation would include a statistical conclusion about whether:Select one:a.Population characteristics occur at least once in the population.b.Monetary precision exceeds a predetermined amount.c.Deviations in the population are within an acceptable range.d.The population's total monetary value is not in error by more than a predetermined amount.

What do you mean by sample? A portion of the population was selected for the analysis.  A numerical measure that describes the characteristics of the population. Consist of all the items about which we want to draw a conclusion. None of the above

Which of the following conditions favour the choice of using a sample over a census?a.small budgetb.time available is shortc.population size is larged.variance in the characteristic of interest is lowe.all of the above are correct