Which of the following is one of the key differences between probability-proportional-to-size sampling (PPS) and attribute sampling?
Which of the following is one of the key differences between probability-proportional-to-size sampling (PPS) and attribute sampling?
PPS sampling, also known as dollar-unit sampling, is primarily used to make conclusions about monetary amounts, while attribute sampling is used to determine the rate of occurrence of specific attributes within a population. Consequently, PPS sampling is suitable for testing substantive balances, whereas attribute sampling is commonly used in tests of controls.
From Gleim, one of the attribute sampling characteristics that it's not used to estimate a monetary amount.