The mean book value of the items included in a mean-per-unit sample is not directly used in the evaluation of sample results.

Question

Quizplus · Accepted Answer

The mean book value of the items included in a mean-per-unit sample is not directly used in the evaluation of sample results because the mean book value is not a measure of the accuracy of the sample. The accuracy of the sample is measured by the standard deviation of the sample, which is a measure of how much the individual items in the sample vary from the mean.

The Mean Book Value of the Items Included in a Mean-Per-Unit