Using the mean-per-unit estimation method an auditor has properly calculated the estimated total audited value of a population as $200,000. Her sample included 200 of the population's 40,000 items. She found that, in her sample the average audited value was $1 less than the average book value. What was the average audited value in the sample?

Answer rating: 100% (QA)

The meanperunit estimation method is used to estimate the total audited value of a population based ... View the full answer