Question: Please answer the question and show work! Thanks Part 5 Statistical Sampling (20 points) I. II. In sampling for attributes (i.e. test of controls) the

Please answer the question and show work! Thanks

Please answer the question and show work! Thanks
Part 5 Statistical Sampling (20 points) I. II. In sampling for attributes (i.e. test of controls) the determination of sample size is a function of (1) risk of assessing control risk too low (Sampling Risk), (2) tolerable rate and, (3) estimated population deviation rate. Fill in the spaces to indicate if the items have a direct or indirect effect on sample size. Direct or Indirect effect Risk of assessing control risk too low (Sampling risk). Tolerable Deviation Rate. Estimated population deviation rate (R) Based on the following information determine sample size Risk of assessing control risk too low; Risk of Overreviance (Sampling risk) 5% Tolerable Deviation Rate 6% Expected population deviation rate 2% (B) Regardless of your answer to (A), assume that you selected a sample size of 200, and determined that there were eight errors (deviations) in the sample. Evaluate the sample results [same information as in lLa above] to conclude whether controls are acceptable. Show your workl Controls are acceptable (indicate either YES or NO) Explain your conclusion (i.e. Show work)

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