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a.Calculate the sampling interval and the sample size Edwards should use given the following information: Tolerable misstatement $50,000 Risk of incorrect acceptance 5% Estimated misstatement

a.Calculate the sampling interval and the sample size Edwards should use given the following information:

Tolerable misstatement

$50,000

Risk of incorrect acceptance

Estimated misstatement

$15,000

Recorded amount of accounts receivable

$3,000,000

What is the effect on sample size of changing the risk of incorrect acceptance to 1%?

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