Assume the following misstatements were found in a PPS sample. Sample Item Book Value Audit Value $650 $585 N 540 0 3 1,900 O 4 2,200 1,650 2,800 2,660 (a) V Your answer is correct. Calculate the projected misstatement assuming: 1. The sampling interval was $1,800. $ 4570 2. The sampling interval was $2,000. $ 4890(b) X Your answer is incorrect. If a risk of incorrect acceptance of 15% is specified in the sample design, the sampling interval is $2,000, and five misstatements are found as enumerated above, calculate: 1. Basic precision. LA 17000 2. The incremental allowance for sampling risk. LA 1628 3. The upper misstatement limit. 23518