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

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%