If all other factors specified in a PPS sampling plan remain constant, changing the specified tolerable misstatement
Question:
If all other factors specified in a PPS sampling plan remain constant, changing the specified tolerable misstatement from $200,000 to $100,000 and changing the specified risk of incorrect acceptance from 10 percent to 5 percent would cause the required sample size to:
a. Increase.
b. Decrease.
c. Remain the same.
d. Change by 5 percent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
Question Posted: