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How would you answer these two questions? This is a practice problem

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Estimated number of transactions per year 5000
Risk of assessin control risk too low 5%
Tolerable deviation rate 4%
Expected population deviation rate 0.5%
Sample size per table 1 1?
Sample size used 125
Number of deviations found 2
Sample deviation rate 1.6%
Upper deviation limit 4.9%
Allowance for sampling risk 3.3% Evaluate the sample results. Your answer should include: 1. A statistical conclusion. 2. The audit decision you would make based on the quantitative sample results.
Be sure to include the reason for the decision.

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