Publicly held companies, or private companies that apply for credit, must have routine audits of financial transactions conducted. Outside agencies, not affiliated with the company, perform these ...

Imagine you're tasked with sending a team of football players onto a field to assess the condition of the grass (a likely task for them, of course). If you pick their positions randomly, they might ...

Stratified mean-per-unit sampling is a key tool used by auditors. The popularity of this statistical procedure arises from its unique ability to produce trustworthy ...

Today, we're tackling archaeological sampling techniques. Sampling is a vital part of archaeology and archaeological research. As we cannot excavate entire sites, it's important to come up with ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Considerable controversy has taken place between those who favor quota sampling and those who advocate area sampling in opinion polling. This article does not attempt to give a final solution to the ...

Traditional grab sampling methods require supplementary devices such as electric pumps, batteries, charging devices, calibrators, tubing, connectors, and auxiliary equipment. The collection of whole ...