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

question 28

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.