With monetary unit sampling
A)each individual interval in the population has an equal chance of being selected
B)each individual dollar in the population has an equal chance of being selected
C)each interval of dollars in the population has an equal chance of being selected
D)each dollar within the interval in the population has an equal chance of being selected

Question

Quizplus · Accepted Answer

In monetary unit sampling, each individual dollar in the population has an equal chance of being selected. This is because the method involves selecting items in proportion to their dollar value. Therefore, larger dollar amounts have a higher probability of being selected than smaller ones, but each individual dollar has the same chance of being included in the sample.

With Monetary Unit Sampling