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Please read the below paragraph and explain what is meant by: non probability sampling may not be as accurate as probability sampling methods
When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members. Think about it from this perspective, if you were investigating McDonalds restaurants, all the McDonalds restaurants in the world would be your population but the sample would be those restaurants that you study.
Probability sampling is similar to pulling a number out of a hat. In the McDonalds scenario if data is needed from the restaurants, one way for obtaining the information would be to draw a sample for a survey based on the zip codes of the specific restaurants. This would be a probability sampling. However, in non-probability sampling the researcher could simply decide to drive to a specific McDonalds restaurant and obtain the information through the survey. Although non probability sampling is a convenient way to conduct a survey, it is not as accurate or rigorous as probability sampling methods.
Explain the conditions under which job order cost accounting systems and process cost accounting systems are commonly applied. Name two companies that use each system?
Use the checklist to outline phases of the internal control evaluation. You may use the (1) components of internal control, or (2) relevant assertions as headers within your checklist.
What is the EPS for the company if it has a P/E ratio of 20? What is the book value of the company if the price-to-book ratio is 1.5 and it has 100,000 shares of stock outstanding?
Segregation of Duties (SoD) and other classic internal controls such as management oversight have been adapted to consider technology. Compare/contrast the classic controls with their adaptations for technology.
1. Record the transactions in the journal. 2. Prepare the statement of shareholders' equity for 20XX.
Describe the principles on which the Big Mac Index is built and how it might help you as an international manager.
Explain how shaving 5% off the estimated direct labor hours in the base of the predetermined overhead rate usually results in a big boost in the net operating income at the end of the year.
Design a performance evaluation report for the purchasing department. Describe what each item in the report measures. Evaluate the performance of the purchasing department.
During 2011, Company X sells 500,000 units for $8 each. Sales discounts are $100,000 and sales returns and allowances are $300,000. The company reported a total of $710,000 in fixed assets on January 1, 2011 and $890,000 in fixed assets on Decembe..
Balance sheet format: Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the year ending December 31,2010,
Discuss whether the fact that the library building is in the historic part of town has any role in determining how to record and report the damage and repairs to the library.
Post the above transactions to T-accounts. Determine the cost of goods sold for the period. Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories.
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