Mean-per-unit Estimation (Variables Sampling)

Published: 17 November 2019
on channel: Edspira
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To calculate the implied audit value for a population using mean-per-unit estimation:

Step 1: Divide the audit value (for the sample) by the number of accounts in the sample. The resulting figure is the "mean-per-unit"

Step 2: Multiply the mean-per-unit (from Step 1) by the number of accounts in the population—
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