Question: (1) Give some examples of the MUS (Monetary Unit Sampling) or probability proportionate to size (PPS) process and calculations that are conservative and explain why

(1) Give some examples of the MUS (Monetary Unit Sampling) or probability proportionate to size (PPS) process and calculations that are conservative and explain why they are conservative.

(2) Describe some non-statistical alternatives to MUS and discuss why the auditor might use them.

(3) In your own words, mention the major advantages and disadvantages of MUS over classical variables sampling.

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