Question: Multiple Choice Questions The following items apply to determining sample sizes using random sampling from large populations for attributes sampling. Select the most appropriate response

Multiple Choice Questions
The following items apply to determining sample sizes using random sampling from large populations for attributes sampling. Select the most appropriate response for each question.
a. If all other factors specified in a sampling plan remain constant, changing the ARACR from 5% to 10% will cause the required sample size to
(1) Increase.
(2) Remain the same.
(3) Decrease.
(4) Become indeterminate.
b. If all other factors specified in a sampling plan remain constant, changing the TER from 9% to 6% will cause the required sample size to
(1) Increase.
(2) Remain the same.
(3) Decrease.
(4) Become indeterminate.
c. Of the four factors that determine the initial sample size in attributes sampling (population size, tolerable exception rate, acceptable risk of assessing control risk too low, and expected population exception rate), which factor has the least effect on sample size?
(1) Population size
(2) Expected population exception rate
(3) Tolerable exception rate
(4) Acceptable risk of assessing control risk too low
d. The sample size of a test of controls varies inverselywith:
Multiple Choice Questions The following items apply to determini

Expected population deviation rate Tolerable exception rate Yes No 0 Yes No 0 No Yes No 0 0 Yes

Step by Step Solution

3.42 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a 3 Decrease b 1 Increase ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

185-B-A-A-A (58).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!