Calculate the sampling interval for cases a. through h. in Problem, assuming a population size of $8,500,000. Recall that sampling interval = population size ÷ sample size. Round the value of the interval down to the nearest $1,000 or $10,000 to ensure that the sample size is adequate and that it is easy for the auditor to select the sample.
InProblem

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Ratio of Expected to Tolerable Ratio of Tolerable Misstatement to Risk of Incorrect Acceptance Misstatement Population(% Sample Size 5% 10% 15% 20% 25% 30% 35% 50% 0.20 0.20 0.30 0.30 0.40 0.40 0.50 0.50 50% 30% 8% 5% a. b. d. e. 3% g. 2%