Question: Use of the ratio estimation sampling technique to estimated dollar amounts is inappropriate when a. The total book value is known and corresponds to the

Use of the ratio estimation sampling technique to estimated dollar amounts is inappropriate when

a. The total book value is known and corresponds to the sum of all the individual book values.

b. A book value for each sample item is unknown.

c. There are some observed differences between audited values and book values.

d. The audited values are nearly proportional to the book values.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Model Based Testing For Embedded Systems Questions!