Indicate How Each of the Following Considerations Would Impact Sample

question 55

Short Answer

Indicate how each of the following considerations would impact sample size in a classical variables sampling application by using I (increase),D (decrease),or N (no effect).
1____.The inventory account balance several unusually large items.Carson had decided to stratify the inventory account balance so that the unusually large items are selected.
2____.Carson assigned a higher level of the risk of incorrect rejection initially because he can quickly and inexpensively select additional items for examination if needed.
3____.Carson increased the expected misstatement due to the change in Furniture Expert's method of processing and recording transactions.
4____.Carson conducted a small pilot sample to assess the population's standard deviation.The results indicated that the population was highly variable.
5____.The risk of incorrect acceptance has been decreased because the results of Carson's attributes sampling related to inventory transactions indicated control risk should be increased.
6____.During the audit,Carson realized his initial determination of the population size only included the first 11 months of year.When he corrected the population to include all 12 months the recorded inventory account balance increased by $100,000 and 55 items.

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Definitions:

Advergame

A video game that is created specifically to promote a product, brand, or marketing message, blending advertising and gaming.

Script Placement

The strategy of embedding promotional messages within the narrative content of media, such as movies or TV shows, in a subtle way.

Brand Names

The names given to products or services by companies to distinguish them from competitors, serving as a key component of brand identity.