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 ...

Randomly selected samples from a larger population prevent bias in statistical procedures while avoiding the hassle of dealing with the entire dataset. If you have a list of entries to pick from in ...

Whether you are generating lottery numbers or sample data for a survey, random numbers are easy to create in Excel. While ...

Auditing is, at best, a cumbersome and time-consuming engagement. Whether it’s an audit of internal controls, or one to produce audited financial statements, there’s always a fairly complex and time- ...