Determine monetary unit sampling (MUS)decision using 7 steps rule from the followingdata:CUSTOMERRECORDEDAUDITEDNO.ITEMITEMVALUEVALUE134356436755345522886,10012,0004,45022,9952,947* ARIA of 5%, Sample size of 100, Recordedpopulation value 3,000,000 and Tolerable6,20012,9104,32223,0008,947Misstatement 60,000.

Answered: etermine monetary unit sar decision…

etermine monetary unit sar decision using 7 steps rule fro data: CUSTOMERRECORDEDAUDI NO. ITEM VALUE ITEM VALUE 1343 5643 6,200 12,910 6,100 12,00

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

Determine monetary unit sampling (MUS)
decision using 7 steps rule from the following
data:
CUSTOMERRECORDEDAUDITED
NO.
ITEM
ITEM
VALUE
VALUE
1343
5643
6755
3455
2288
6,100
12,000
4,450
22,995
2,947
* ARIA of 5%, Sample size of 100, Recorded
population value 3,000,000 and Tolerable
6,200
12,910
4,322
23,000
8,947
Misstatement 60,000.

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