When using systematic selection procedures with monetary- unit sampling of accounts receivable, the interval is determined by:
A) dividing the population size by the desired sample size.
B) dividing the sample size by the account with the largest dollar value.
C) consulting a random number table.
D) dividing the population size by the account receivable with the largest dollar value.

Question

Quizplus · Accepted Answer

The interval is determined by dividing the population size by the desired sample size. This ensures that each account in the population has an equal chance of being selected for the sample.

When Using Systematic Selection Procedures with Monetary- Unit Sampling of Accounts