In monetary unit sampling,a sampling interval of 900 means that
A)every 900ᵗʰ item will be selected.
B)every 900ᵗʰ dollar in the account will be sampled.
C)expected misstatement is 900.
D)tolerable misstatement is 900.

Question

Quizplus · Accepted Answer

In monetary unit sampling, a sampling interval of 900 means that every 900th dollar in the account will be sampled. This method focuses on the monetary value rather than the number of items.

In Monetary Unit Sampling,a Sampling Interval of 900 Means That