Audit Procedures for Statistical Sampling of Inventory. When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances ...

Bayesian statistics can be hard to teach at an elementary level due to the difficulty in deriving the posterior distribution for interesting nonconjugate problems. One attractive method of summarizing ...

Within a survey of mountain forest types in the Swiss Alps, we compared three statistical sampling methods, i.e. stratified random sampling of the investigation area, systematic sampling and ...