Which of the following statements is generally correct about the sample size in statistical sampling when testing internal controls?
A.The population size has little or no effect on the sample size.
B.As the population size doubles, the sample size should increase by about 67%.
C.The sample size is inversely proportional to the expected population deviation rate.
D.There is no relationship between the tolerable population deviation rate and the sample size.
A.The population size has little or no effect on the sample size.
In an attribute sampling application, e.g., for testing internal controls, the total number of sampling units in the population should be known. However, the sample size is relatively insensitive to size changes in large populations.