15. An account balance is $200,000 and there are 70 items in the account, five of which have balances that equal or exceed $16,000. The auditor plans to use a dollar-unit sampling plan with systematic sample selection. To ensure that all accounts with balances of at least $16,000 are selected, the sampling interval should be (2 Points) 16,000 60,000 15,000 40,000
15. An account balance is $200,000 and there are 70 items in the account, five of which have balances that equal or exceed $16,000. The auditor plans to use a dollar-unit sampling plan with systematic sample selection. To ensure that all accounts with balances of at least $16,000 are selected, the sampling interval should be (2 Points) 16,000 60,000 15,000 40,000
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter6: Statistical Inference
Section: Chapter Questions
Problem 11P: The president of Doerman Distributors, Inc., believes that 30% of the firm’s orders come from...
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