An estimate of the largest likely overstatement in a population at a given ARIA, using monetary unit sampling is the:
A)point estimates.
B)precision intervals.
C)confidence intervals.
D)misstatement bounds.

Question

Quizplus · Accepted Answer

The misstatement bounds provide an estimate of the largest likely overstatement in a population at a given ARIA using monetary unit sampling. Point estimates provide a single number as an estimate of the population value, precision intervals are used to estimate the range within which the population value may lie, and confidence intervals provide a measure of the level of confidence that the population value falls within a certain range. None of these measures specifically address the likely overstatement in a population at a given ARIA.

An Estimate of the Largest Likely Overstatement in a Population