When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

With statistical sampling, counsel can simplify damage analyses, avoid potential issues with incomplete or missing data, and minimize the risk of error. In our prior ...

Confidence intervals are computed from a random sample and therefore they are also random. The long run behavior of a 95% confidence interval is such that we’d expect 95% of the confidence intervals ...

A study by the universities of Cordoba and Seville develops a method that makes it possible to verify, easily and quickly, whether an olive plantation is traditional, intensive, or super-intensive.

Statistical Process Control (SPC) is a type of quality control which uses statistics to monitor and maintain quality. Sampling SPC uses graphical techniques including histograms, scatter plots, and ...

A new update to the Medicare Program Integrity Manual offers healthcare providers and suppliers more details on how Medicare contractors should perform statistical sampling and when extrapolation of ...

In a simple random sample, each individual in the population has an equal probability of being chosen. Additionally, each sample of size n has an equal probability of being the chosen sample. This ...