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, ...

Discover how attribute sampling enhances audit accuracy by evaluating internal controls and analyzing population traits, ...

Learn how acceptance sampling improves quality control by evaluating random samples. Discover its methods, benefits, and historical significance in manufacturing.

Standard MCMC methods can scale poorly to big data settings due to the need to evaluate the likelihood at each iteration. There have been a number of approximate MCMC algorithms that use sub-sampling ...