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SAMPLING

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › SAMPLING

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Kim Smith.
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    Posts
  • October 22, 2020 at 12:26 pm #591095
    iza1
    Participant
    • Topics: 115
    • Replies: 112
    • ☆☆☆

    HI SIR , PLEASE CAN U HELP WITH VALUE WEIGHTED SAMPLING.. I UNDERSTAND ITS BASED ON MONETARY VALUE AND THIS IS AN ILLUSTRATION I FOUND.

    Total value of receivables population is $500,000 and sample size is 5.
    $500,000 / 5 = $100,000 so select every $100,000
    Customer Balance Cumulative Total Selected Y/N
    $ $
    A 20,000 20,000 N
    B 60,000 80,000 N
    C 10,000 90,000 N
    D 90,000 180,000 Y
    E 50,000 230,000 Y
    F 30,000 260,000 N
    G 70,000 330,000 Y
    H 80,000 410,000 Y
    I 40,000 450,000 N
    J 50,000 500,000 Y
    Total 500,000

    Every 100000 is selected which is the interval. so 180000 is above 1000000 so customer D is selected.
    THen E as well.. But why was customer F not selected ? ITS ALSO ABOVE 100000 ?

    October 22, 2020 at 4:32 pm #591121
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8443
    • ☆☆☆☆☆

    If you download our notes you will find they are searchable – there is a clear example on page 65 which is also explained in the lecture.

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