Statistical sampling would be appropriate to estimate the value of an auto dealer's 3,000 line-item inventory because statistical sampling is reliable and objective.
The outcomes of statistical sampling are objective and pertain to probability laws.
As a result, sampling risk can be measured and monitored at a predetermined level of confidence (reliability). The risk of sampling is that the sample chosen does not accurately represent the population. The main advantage of statistical sampling is that it allows the auditor to quantify how closely the sample representative of the entire population for a provided level of reliability.
Learn more on Statistical sampling -
https://brainly.com/question/13030074
#SPJ4
