An estimate of the largest likely overstatement in a population at a given ARIA, using monetary unit sampling is the
A) point estimates.
B) precision intervals.
C) confidence intervals.
D) misstatement bound.

Question

Quizplus · Accepted Answer

The misstatement bound is the maximum likely overstatement in a population at a given ARIA using monetary unit sampling. The other options are not applicable for this scenario - point estimates are single values, precision intervals provide a range of possible values around the point estimate, and confidence intervals provide a range of likely values for a parameter with a certain level of confidence.

An Estimate of the Largest Likely Overstatement in a Population