Indicate How Each of the Following Conditions Affects Sample Size

question 33

Short Answer

Indicate how each of the following conditions affects sample size in a monetary unit sampling (MUS)application by using the letters I (increase),D (decrease),or N (no effect),assuming that all other factors are held constant.
____ 1.An increase in the expected error from $5,000 to $10,000.
____ 2.A decrease in the population size from $1,500,000 to $1,350,000.
____ 3.An increase in the tolerable misstatement from $25,000 to $35,000.
____ 4.An increase in the risk of incorrect rejection from 5 percent to 10 percent.
____ 5.A decrease in the risk of incorrect acceptance from 5 percent to 1 percent.

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Definitions:

Vertical Lines

Lines that run up and down the page or canvas, often used in art and design to convey strength and stability.

Sensory Crossover

The phenomenon where stimulation of one sensory or cognitive pathway leads to automatic, involuntary experiences in a second sensory or cognitive pathway.

Synesthesia

A condition in which one sense is simultaneously perceived as if by one or more additional senses.

Basic Tastes

The fundamental taste sensations experienced by humans, traditionally categorized as sweet, sour, salty, bitter, and umami.