To Determine the Appropriate Sample Size for an Attributes Sampling

question 96

Multiple Choice

To determine the appropriate sample size for an attributes sampling application,Williams,CPA,defined the population to be 25,000 sales invoices.Williams then assessed the risk of overreliance to be 10%,the tolerable rate of deviation to be 4%,and the expected population deviation rate to be 2.5%.Using the AICPA Sample Size tables,the appropriate sample size would be:

• A)9
• B)13
• C)353
• D)513

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Definitions:

Test Statistic

A value calculated from sample data during a hypothesis test used to determine the probability of observing such a result if the null hypothesis is true.

Null Hypothesis

A default hypothesis that there is no effect, difference, or relationship between variables or conditions being studied.

P-Value

The probability of obtaining test results at least as extreme as the results actually observed during the test, assuming that the null hypothesis is correct.

Pay Equity

The principle of equal pay for work of equal value, addressing gender and other disparities in compensation.