Which of the Following Statements Is Generally Correct About the Sample

question 62

Multiple Choice

Which of the following statements is generally correct about the sample size in statistical sampling when testing internal controls?

• A)As the population size doubles,the sample size should increase by about 67%.
• B)The sample size is inversely proportional to the expected population deviation rate.
• C)There is no relationship between the tolerable rate of deviation and the sample size.
• D)When evaluation very large populations,the population size has little or no effect on the sample size.

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Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular period or project.

Other Expenses

Costs not directly related to the primary business activities, such as interest expense or losses from asset sales.

Spending Variance

The difference between the actual amount spent and the budgeted or forecasted amount, often analyzed for cost control purposes.

Medical Supplies

Items used in the healthcare field to diagnose, treat, or care for patients.