Reference no: EM131288828
Sampling for exception rates
Assume that the tolerable exception rate (TER) for attribute 4 is 6 percent. Your audit senior indicates that he would like to be able to rely on this control and asks you to increase the sample by an additional 50 items. Use the appropriate statistical sampling table to answer this question:
Will the increase in the sample be likely to yield favorable results for the entire sample of 150 items?