A method of variables sampling that defines the population as the number of dollars in an account balance or class of transactions is referred to as
A) Attributes sampling.
B) Classical variables sampling.
C) Mean-per-unit sampling.
D) Monetary unit sampling.

Question

Quizplus · Accepted Answer

Monetary unit sampling defines the total dollar value of a population, and then selects samples based on individual dollar units within that population. This method is particularly useful when there are large or significant transactions with high monetary value.

A Method of Variables Sampling That Defines the Population as the Number