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An Account Balance Is $300,000 and There Are 25 Items

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An account balance is $300,000 and there are 25 items in the account, six of which have balances that equal or exceed $15,000.To ensure that all accounts with balances of at least $15,000 are selected, what would the sampling interval be?


Definitions:

Lender

A financial institution or individual that provides funds to a borrower under the condition that the funds will be repaid with interest.

Supply

The aggregate sum of a good or service ready for sale at a specific price level.

Loanable Funds

The money available for borrowing in the financial markets, determined by saving behaviors and institutional lenders' policies.

Interest Rate

The cost of borrowing money or the return on deposited funds, expressed as a percentage of the principal.

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