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3 . 4 4 Stratified samples for accounting audits. Accountants use stratified samples during audits to verify a company's records of such things as accounts
Stratified samples for accounting audits. Accountants use stratified samples during audits to verify a company's records of such things as accounts receivable. The stratification is based on the dollar amount of the item and often includes sampling of the largest items. One company reports accounts receivable. Of these, are in amounts over $; are in amounts between $ and $; and the remaining are in amounts under $ Using these groups as strata, you decide to verify all of the largest accounts and to sample of the midsize accounts and of the small accounts. How would you label the two strata from which you will sample? Use software or Table B starting at line to select the first accounts from each of these strata.
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