The statistical methods used to evaluate monetary unit samples
A) neither exclude nor include units twice.
B) may permit the inclusion of a unit in the sample more than once.
C) do not permit a unit to be included in the sample more than once.
D) ignore the possibility that a unit may be included in a sample more than once.

Question

Quizplus · Accepted Answer

Monetary unit sampling, a method used in auditing, allows for the possibility that a unit (in this case, a monetary unit) may be included in the sample more than once. This is because each dollar (or other currency unit) has an equal chance of selection, meaning units with larger values (and thus more dollars) have a higher chance of being selected multiple times.

The Statistical Methods Used to Evaluate Monetary Unit Samples