To assess a flour mill’s performance, an operations manager checks processing data in the lab from product sample tests. Issues such as contamination are also monitored. Proper flour sampling can make ...

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, ...

Sampling is a technique in which samples are drawn at random (without any favor or bias). For this, suitable measures or procedures may be laid down and adopted according to the nature and ...