Evaluate the manager revised sampling plan

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Reference no: EM133363241

Question: Transactions, using a confidence level of 90%, an upper error limit of 10%, and no expected exceptions. Your audit manager still plans to test transactions, but believes that because of the concerns you have identified, you should increase the confidence level to 95%, and increase the expected error rate to 2%. However, she does not want the sample size to be larger than 50. Indicate the planned sample size under both the initial and revised sampling parameters. Evaluate the manager's revised sampling plan.

Reference no: EM133363241

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