Probability Sampling

Sampling
Sampling is a process in which a small group of items, known as a sample, is selected from a larger group (population) to represent the characteristics of the larger group. It is widely used in auditing, market research, and quality control.
Systematic Sampling
Systematic sampling is a probability sampling method where researchers select every nth observation from a larger population, following an initial randomly chosen starting point.

Accounting Terms Lexicon

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