On Wiley book, a chart show Variable Sampling Summary of Relationships to Sample Size:
Increase in Effect on Sampling Size
Risk- Incorrect Acceptance Decrease
Risk -Incorrect Rejection Decrease
How could both lead to decrease in sample size? I would expect increase in risk of incorrect rejection lead to increase in sample size. Could anybody explain?
Question 2 from Wiley test bank:
Auditor requires a smaller sample size if the desired sample size increase or decrease?
Answer is Increase.
Could anybody explain? I found it to be very confusing....