Difference estimation, ratio estimation, and mean-per-unit estimation are all techniques that constitute the general class of methods called:
A) attributes sampling.
B) variables sampling.
C) block sampling.
D) monetary-unit sampling.

Question

Quizplus · Accepted Answer

Difference estimation, ratio estimation, and mean-per-unit estimation are all methods used in variables sampling, where the auditor is examining a numerical measurement of a population. Attributes sampling, on the other hand, is used when the auditor is examining a discrete characteristic of a population. Block sampling refers to dividing the population into subgroups or blocks for sampling purposes. Monetary-unit sampling is a specific type of variables sampling that emphasizes the selection of larger items in a population that have a higher monetary value.

Difference Estimation, Ratio Estimation, and Mean-Per-Unit Estimation Are All Techniques