Question 1
In systematic sample selection, the population size is divided by the number of sample items desired in order to determine the
◦ sampling interval.
◦ tolerable exception rate.
◦ computed upper exceptions rate.
◦ mean.
Question 2
The advantage of systematic sample selection is that
◦ it is easy to use.
◦ there is limited possibility of it being biased.
◦ it is unnecessary to determine if the population is arranged randomly.
◦ it automatically selects items material to the financial statements.