ALLOWANCE FOR SAMPLING RISK Definition

Bookmark and Share

ALLOWANCE FOR SAMPLING RISK is the difference between a sample estimate and the projected population characteristic at a specified sampling risk. This allowance
is also the difference between the expected error rate and the tolerable
deviation rate.

Learn new Accounting Terms

DOLLAR UNIT SAMPLING is a sampling plan that bases the likelihood of selecting a particular account on the relative size of that account, so larger accounts have a greater probability of being selected for the sample than smaller accounts.

DSS is Decision Support System.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.