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Ch10-Statistical Sampling For Substantive Testing
Ch10-Statistical Sampling For Substantive Testing
MULTIPLE CHOICE:
ANSWER: D
ANSWER: C
ANSWER: B
160
Chapter 10 Statistical Sampling for Substantive Testing 161
ANSWER: B
ANSWER: B
ANSWER: C
ANSWER: C
ANSWER: A
ANSWER: C
ANSWER: A
a. Tolerable error.
b. Expected error.
c. Allowable risk of incorrect acceptance.
d. Characteristics of the population.
ANSWER: D
ANSWER: A
ANSWER: C
ANSWER: C
ANSWER: C
ANSWER: C
ANSWER: A
ANSWER: B
ANSWER: C
ANSWER: B
ANSWER: A
ANSWER: C
166 Chapter 10 Statistical Sampling for Substantive Testing
ANSWER: A
ANSWER: C
ANSWER: D
ANSWER: A
ANSWER: D
ANSWER: B
ANSWER: B
ANSWER: D
168 Chapter 10 Statistical Sampling for Substantive Testing
ANSWER: D
ANSWER: A
ANSWER: B
ANSWER: C
Chapter 10 Statistical Sampling for Substantive Testing 169
ANSWER: C
ANSWER: C
ANSWER: B
ANSWER: A
170 Chapter 10 Statistical Sampling for Substantive Testing
ANSWER: D
ANSWER: C
ANSWER: B
ANSWER: D
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 173
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
PROBLEM/ESSAY:
174 Chapter 10 Statistical Sampling for Substantive Testing
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)