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:

Mendel

Mendel is typically referenced in relation to Gregor Mendel, the father of modern genetics, known for his work on the inheritance of traits in pea plants.

Traditional Accountability

The conventional mechanism where entities are held responsible and answerable for their actions primarily through legal and regulatory frameworks.

Nonprofit Management

The administration and coordination of activities within nonprofit organizations to ensure they fulfill their mission while managing resources effectively.

Contemporary Literature

Literary works produced during the late 20th century and up to the present time, characterized by their relevance to current events and cultural themes.