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18 June, 05:19

Which of the following represents the correct calculation of the sampling interval?

a. Tolerable error : Risk of incorrect acceptance.

b. Sample size : Population size.

c. Tolerable error * Risk of incorrect acceptance.

d. Population size : Sample size

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  1. 18 June, 08:49
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    The correct answer is

    d. Sampling Interval = Population size : Sample size.

    Step-by-step explanation:

    According to Johnstone et al., (2014) "Once the auditor has determined the appropriate sample size, a sampling interval is calculated by dividing the population size by the sample size."

    Thus,

    Sampling Interval = Population size : Sample size.

    Johnstone, K., Rittenberg, L. and Gramling, A. (2014). Auditing: A Risk-Based Approach to Conducting a Quality Audit. Ninth Edition.
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