b. Calculate the sample size and the sampling interval using Table 8-5, Edwards should use for the following information: (Use the tables, not IDEA, to solve for these problems. Round your interval answer to the nearest whole number.) Tolerable misstatement Expected misstatement Desired confidence level Recorded amount of accounts receivable Sample size Sampling interval c. Calculate the UML using Table 9-3 assuming that the following three misstatements were discovered in testing based on the MUS sample computed in part (b). (Use the tables, not IDEA, to solve for these problems. Do not round intermediate calculations. Round your answer to the nearest dollar amount.) UML Misstatement Number 1 2 WNI $ 15,000 $ 6,000 95 % $300,000 3 Book Value Audit Value 400 320 $ $ 500 0 3,000 2,500

b. Calculate the sample size and the sampling interval using Table 8-5, Edwards should use for the following information: (Use the tables, not IDEA, to solve for these problems. Round your interval answer to the nearest whole number.) Tolerable misstatement Expected misstatement Desired confidence level Recorded amount of accounts receivable Sample size Sampling interval c. Calculate the UML using Table 9-3 assuming that the following three misstatements were discovered in testing based on the MUS sample computed in part (b). (Use the tables, not IDEA, to solve for these problems. Do not round intermediate calculations. Round your answer to the nearest dollar amount.) UML Misstatement Number 1 2 WNI $ 15,000 $ 6,000 95 % $300,000 3 Book Value Audit Value 400 320 $ $ 500 0 3,000 2,500

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 5E: List the sample space of each experiment. Rolling one die and tossing one coin

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