For monetary- unit sampling, normally the estimate of the population deviation rate is:
A) between 6% and 10%, inclusive.
B) between 1% and 5%, inclusive.
C) 0%.
D) greater than 10%.

Question

Quizplus · Accepted Answer

Monetary-unit sampling is often used when the expected deviation rate is low, typically close to 0%, because it is designed to detect overstatements in account balances.

For Monetary- Unit Sampling, Normally the Estimate of the Population