Problem

In classical variables sampling, which of the following must be known in order to estimate...

In classical variables sampling, which of the following must be known in order to estimate the appropriate sample size required to meet the auditor’s needs in a given situation?

a. The qualitative aspects of misstatements.

b. The total dollar amount of the population.

c. The acceptable level of risk.

d. The estimated percentage of deviations in the population.

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