Sample size in a MUS sample is a function of risk of incorrect acceptance,tolerable misstatement,and expected misstatement.

Question

Quizplus · Accepted Answer

The sample size in a MUS (Probability-Proportional-to-Size Sampling) sample is determined by considering the risk of incorrect acceptance, tolerable misstatement, and expected misstatement. The higher the risk of incorrect acceptance or the expected misstatement, or the lower the tolerable misstatement, the larger the sample size needs to be to achieve a desired level of precision in the estimate of the population value. Therefore, the statement is true.

Sample Size in a MUS Sample Is a Function of Risk