For Monetary-Unit Sampling, a Sampling Interval of 400 Means That

question 45

Multiple Choice

For monetary-unit sampling, a sampling interval of 400 means that

• A) Every 400^th item in the account will be selected in the sample.
• B) The average size of items in the account is 400.
• C) Every 400^th dollar in the account will be included in the sample.
• D) The average misstatement in sample items is $400.

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Definitions:

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Time Frame

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