Which of the Following Does Not Represent a Difference Between

question 42

Multiple Choice

Which of the following does not represent a difference between the use of various approaches to classical variables sampling?

• A)The use of mean-per-unit estimation typically results in a larger standard deviation than the use of either difference estimation or ratio estimation.
• B)The use of difference and ratio estimation normally provides smaller sample sizes than the use of mean-per-unit estimation.
• C)The use of difference and ratio estimation require the auditor to expect a certain number of differences to exist in the population while the use of mean-per-unit estimation does not.
• D)The use of mean-per-unit estimation requires a reliable measure of recorded balance while the use of difference and ratio estimation do not.

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Definitions:

Deposit Maturity

The end of a deposit term at which point the deposited funds plus any accrued interest are available to the account holder.

Deposit Date

The specific day on which funds are placed into an account.

Maturity Value

The total amount payable to an investor at the end of a fixed term investment, including the principal and the interest.

Interest Amount

The sum of money paid or earned as interest, calculated by applying the interest rate to the principal.