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Statistical Sampling For Substantive Testing Test Bank
Statistical Sampling For Substantive Testing Test Bank
ANSWER: D
ANSWER: C
ANSWER: B
ANSWER: B
ANSWER: B
ANSWER: C
ANSWER: C
ANSWER: A
ANSWER: C
ANSWER: A
ANSWER: D
ANSWER: A
ANSWER: C
ANSWER: C
Chapter 10 Statistical Sampling for Substantive Testing 164
ANSWER: C
ANSWER: C
ANSWER: A
ANSWER: B
ANSWER: C
ANSWER: B
ANSWER: A
ANSWER: C
ANSWER: A
ANSWER: C
ANSWER: D
ANSWER: A
ANSWER: D
ANSWER: B
ANSWER: B
Chapter 10 Statistical Sampling for Substantive Testing 168
ANSWER: D
ANSWER: D
ANSWER: A
ANSWER: B
ANSWER: C
ANSWER: C
Chapter 10 Statistical Sampling for Substantive Testing 170
ANSWER: C
ANSWER: B
ANSWER: A
ANSWER: D
ANSWER: C
ANSWER: B
ANSWER: D
Chapter 10 Statistical Sampling for Substantive Testing 172
ANSWER: D
COMPLETION:
ANSWER: ALPHA
ANSWER: SMALLER
ANSWER: GREATER
49. For PPS sampling purposes, the allowance for sampling risk
is the sum of basic precision plus the .
ANSWER: OVERSTATEMENT
ANSWER: LESS
MATCHING:
A. Projected error
B. Achieved precision
C. Basic precision
D. Desired precision
E. Finite correction factor
Chapter 10 Statistical Sampling for Substantive Testing 174
F. Range of acceptability
H. Sampling risk
I. Standard deviation
J. Upper error limit
K. Reliability
L. Sampling interval
M. Precision
N. Logical sampling unit
____3. The range within which the true answer most likely falls.
____4. The likelihood that the sample range contains the true
value.
____6. The calculated range within which the true answer most
likely falls.
SOLUTION:
1. H
2. I
3. M
4. K
5. E
6. B
7. F
8. N
9. L
10. A
175 Chapter 10 Statistical Sampling for Substantive Testing
PROBLEM/ESSAY:
ALPHA/2
OR BETA Z VALUE
1.00% 2.33
2.00 2.06
2.50 1.96
5.00 1.65
10.00 1.29
20.0 .85
24.0 .71
SOLUTION:
a. 35
b. $4,800,000
c. $24,539
d. Downward adjustment of $1,184,4539
OVERSTATEMENT
ERRORS RELIABILITY FACTOR EXPANSION FACTOR
0 3.00 1.60
1 4.75
2 6.30
3 7.76
A $20,000 0
E $800,000 $400,000
S $220,000 0
SOLUTION:
a. 618
b. $22,653
c. $642,653
d. Allowance for sampling risk = $84,949 ($67,959 + $16,990)
Upper error limit = $727,602 ($642,653 + $84,949)