The method used to measure the estimated total error amount in a population where there is both a recorded value and an audited value for each item in the sample is:
A) mean-per-unit estimation.
B) ratio estimation.
C) monetary-unit sampling.
D) difference estimation.

Question

Quizplus · Accepted Answer

Difference estimation is used when there's a recorded value and an audited value for each item in a sample, allowing for the estimation of total error in the population by analyzing the differences between these values.

The Method Used to Measure the Estimated Total Error Amount