How is the sampling unit defined when monetary-unit sampling is used for statistical sampling? How is the sampling unit defined when classical variables sampling is used?
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total answers (1)
total answers (1)
Accounting
A sampling unit
- A monetary unit sampling (MUS) delineates sampling unit as an individual dollar or monetary unit, or other forms of currency
- A classical variable delineates sampling unit as customer account, an individual transaction, or item on a transaction
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