Which of the following has a direct relationship with sample size in a variables sampling application?
A)Tolerable misstatement: Yes; Expected error: Yes
B)Tolerable misstatement: Yes; Expected error: No
C)Tolerable misstatement: No; Expected error: Yes
D)Tolerable misstatement: No; Expected error: No

Question

Quizplus · Accepted Answer

In variables sampling, the sample size is directly related to the expected error. As the expected error increases, the sample size must also increase to maintain the same level of confidence. Tolerable misstatement, however, has an inverse relationship with sample size.

Which of the Following Has a Direct Relationship with Sample