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Calculate the projected misstatement using mean per unit

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Question - Assume the following: Avg. population book value $100 Avg.

Sample book value $99

Avg. sample audited value $97

Number in population 20,000

1. What is the book value of the population?

2. Calculate the projected misstatement using mean per unit sampling and indicate if understatement or overstatement.

3. Calculate the projected misstatement using ratio estimation and indicate if understatement or overstatement.

4. Calculate the projected misstatement using difference estimation and indicate if understatement or overstatement.

Reference no: EM133047589

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