am. 271. Chapter 08 Problem 8-26 LO 8-6Use the sample sizes and the number of deviations determined below.ParametersRisk of incorrect acceptanceTolerable deviation rate.Expected population deviation rateSample size (using tables).Sample size (using IDEA)ResultsNumber of deviationsSample sizeSample deviation rate -Computed upper deviation rate usingTables1-Sided upper limit using IDEAAuditor's conclusion5%4%18156156Does support0156Control Procedure200%20 %Determine the sample deviation rate, the computed upper deviation rate, and the auditor's conclusion (ie, testing results do or do notsupport operating effectiveness of the control) for each control procedure. (For Results, use Table 8-8 & Table 8-9 or IDEA)Note: Round your rates values to 1 decimal place.5%5%2%0.00%181181310%7%3%94942410%8%51812.80 %6.90 %0.00%Does not support9898Control Procedure494Does not support%8.7%0.00%Does support3983.1%7.3 %0.0%30

The number of individual observations or data points chosen or included in a subset (sample) from a…

Chapter 08 Problem 8-26 LO 8-6 Use the sample sizes and the number of deviations determined below. Parameters Risk of incorrect acceptance Tolerable deviation rate Expected population deviation rate Sample size (using tables) Sample size (using IDEA) Results Number of deviations Sample size Sample deviation rate Computed upper deviation rate using Tables 1-Sided upper limit using IDEA Auditor's conclusion 1 5% 4% 18 156 156 Does support 0 156 Control Procedure 2 00 5% 5% 2% 00% 2.00 % 0.00% 181 181 3 Determine the sample deviation rate, the computed upper deviation rate, and the auditor's conclusion (ie, testing results do or do not support operating effectiveness of the control) for each control procedure. (For Results, use Table 8-8 & Table 8-9 or IDEA) Note: Round your rates values to 1 decimal place. 10% 7% 3% 94 94 2 Does not support 4 5 181 O 2.8 % 18% 6.90% 0.00% 8% 4% 98 98 Control Procedure 3 4 94 43% 8.76 % 0.00% Does not support Does support 3 980 3.10 % 7.3 00000 0.00%

Chapter 08 Problem 8-26 LO 8-6 Use the sample sizes and the number of deviations determined below. Parameters Risk of incorrect acceptance Tolerable deviation rate Expected population deviation rate Sample size (using tables) Sample size (using IDEA) Results Number of deviations Sample size Sample deviation rate Computed upper deviation rate using Tables 1-Sided upper limit using IDEA Auditor's conclusion 1 5% 4% 18 156 156 Does support 0 156 Control Procedure 2 00 5% 5% 2% 00% 2.00 % 0.00% 181 181 3 Determine the sample deviation rate, the computed upper deviation rate, and the auditor's conclusion (ie, testing results do or do not support operating effectiveness of the control) for each control procedure. (For Results, use Table 8-8 & Table 8-9 or IDEA) Note: Round your rates values to 1 decimal place. 10% 7% 3% 94 94 2 Does not support 4 5 181 O 2.8 % 18% 6.90% 0.00% 8% 4% 98 98 Control Procedure 3 4 94 43% 8.76 % 0.00% Does not support Does support 3 980 3.10 % 7.3 00000 0.00%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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