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Commercial Pilot Licence (CPAER) – Canada · Question

An auditor is performing substantive testing for accounts receivable. They select a sample of 50 accounts from a population of 5,000 to send confirmations. What type of sampling method is this if each account had an equal chance of being selected?

Random sampling is a method where every item in the population has an equal chance of being selected for the sample, which aligns with the description provided.

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Question: An auditor is performing substantive testing for accounts receivable. They select a sample of 50 accounts from a population of 5,000 to send confirmations. What type of sampling method is this if each account had an equal chance of being selected?

Answer options:

  • Stratified sampling.
  • Haphazard sampling. ✅ Random sampling.
  • Monetary unit sampling.

Correct answer: Random sampling.

Explanation: Random sampling is a method where every item in the population has an equal chance of being selected for the sample, which aligns with the description provided. This minimizes bias and allows for statistical inference.

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