Smith,CPA,is using attributes sampling to test Swimmer,Inc.'s internal controls related to the accuracy of sales invoices.Smith defined the population as all 5,000 of Swimmer's sales invoices and determined the appropriate sample size was 200 invoices.What is Smith's sampling interval if systematic random selection is used?
A)20
B)25
C)50
D)250

Question

Quizplus · Accepted Answer

The sampling interval is calculated by dividing the population size by the sample size. In this case, 5,000 invoices divided by 200 invoices equals a sampling interval of 25.

Smith,CPA,is Using Attributes Sampling to Test Swimmer,Inc