What is Variables Sampling?

Variables sampling is the process used to predict the value of a specific variable within a population. For example, a limited sample size can be used to compute the average accounts receivable balance, as well as a statistical derivation of the plus or minus range of the total receivables value that is under review. By using variables sampling, someone involved in auditing the books of a business or who is examining its product quality can make inferences about the population from which a testing sample was drawn.