Multiple Choice
For monetary-unit sampling, a sampling interval of 400 means that:
A) every 400ᵗʰ item in the account will be selected in the sample.
B) the average size of items in the account is 400.
C) every 400ᵗʰ dollar in the account will be included in the sample.
D) the average misstatement in sample items is $400.
Correct Answer:
Verified
Correct Answer:
Verified
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