One of the benefits of Data Analytics is the ability to see and test the full...

80.2K

Verified Solution

Question

Accounting

One of the benefits of Data Analytics is the ability to see andtest the full population. In that case, why is sampling (evenmonetary sampling) still used, and how is it useful?

Answer & Explanation Solved by verified expert
3.9 Ratings (611 Votes)
Sampling is a tool that is used to indicate how much data to collect and how often it should be collected This tool defines the samples to take in order to quantify a system process issue or problem The sample the slice of bread is a subset or    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students