Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are determining sample size for testing of controls. For the following scenarios, determine an appropriate sample size in relation to each other based
You are determining sample size for testing of controls. For the following scenarios, determine an appropriate sample size in relation to each other based on the given criteria for . Acceptable Risk of Overreliance (ARO) . Tolerable Exception Rate (TER) . Expected Population Exception Rate (EPER) Population Size (number of items) Assume that the initial sample size for scenario 1 using nonstatistical sampling is 125 items. For each scenario 2 through 5, use your judgment to decide the appropriate nonstatistical sample size. In deciding each sample size, consider the effects of changes in each of the four factors (ARO, TER, EPER, and population size) compared with the other columns. (IMPORTANT-grading will be based upon the sample size in relation to the other scenarios... there isn't one "correct" number for the sample size) 5 5 2 0 3,000 SCENARIO ARO TER EPER Pop. Size INITIAL SAMPLE SIZE 1 5 7 2 3,000 125 2 10 7 2 3,000 3 5 7 2 10,000 4 10 20 2 3,000
Step by Step Solution
★★★★★
3.47 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
Sample Size EPERPopSize TER1ARO Lets calculate the sample size for each scenario based on the given ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started