MPU Estimation Data relative to three MPU estimation plans are presented below. 2 3 Tolerable misstatement $110,000 $140,000 $170,000 Size of population 5,000 6,000 8,000 Risk of incorrect rejection 10% 5% 10% Estimated population standard deviation $80 $105 $125 Risks that misstatements accumulating to greater than tolerable misstatements will not be detected by: Internal control 50% 40% 40% Other substantive procedures 25% 85% (excluding this test of details) 50% Desired overall audit risk 5% 5% 5% Inherent risk 100% 100% 100%- / 4.17 E (a) Analysis: Determine an appropriate risk of incorrect acceptance for each population. (Round answers to 2 decimal places, e.g. 52.75.) 2 3 Appropriate risk of incorrect acceptance eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b) Determine sample size: Calculate sample size in each of the plans. (Round answers to O decimal places, e.g. 52.) 2 3 Sample size