Indicate How Each of the Following Conditions Affect Sample Size

question 60

Short Answer

Indicate how each of the following conditions affect sample size in a monetary unit sampling 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 misstatement 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:

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A service provided by QuickBooks that includes full payroll processing along with professional assistance for tax filings and payments.

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