Problem

Indicate how each of the following conditions affects sample size in a monetary unit sampl...

Indicate how each of the following conditions affects sample size in a monetary unit sampling (MUS) application by using the letters I (increase), D (decrease), or N (no effect), assuming that all other factors are held constant.

____ 1. An increase in the expected error from $5,000 to $10,000.

____ 2. A decrease in the population size from $1,500,000 to $1,350,000.

____ 3. An increase in the tolerable misstatement from $25,000 to $35,000.

____ 4. An increase in the risk of incorrect rejection from 5 percent to 10 percent.

____ 5. A decrease in the risk of incorrect acceptance from 5 percent to 1 percent.

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