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Using the difference estimation method, an auditor has properly calculated the estimated total audited value of a population as $100,000. Her sample included 100 of
Using the difference estimation method, an auditor has properly calculated the estimated total audited value of a population as $100,000. Her sample included 100 of the population's 20,000 items. She found that, in her sample, the average audited value was $1 more than the average book value. What was the projected understatement?
A $25,000.
B $0.
C $10,000.
D $20,000.
Using the difference estimation method, an auditor has properly calculated the estimated total audited value of a population as $100,000. Her sample included 100 of the population's 20,000 items. She found that, in her sample, the average audited value was $1 more than the average book value. What was the projected understatement?
A $25,000.
B $0.
C $10,000.
D $20,000.
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