In a classical variables sampling application,the sample size will be smaller when the
A) risk of incorrect acceptance is lower.
B) risk of incorrect rejection is lower.
C) tolerable misstatement is lower.
D) population variability is lower.

Question

Quizplus · Accepted Answer

When population variability is lower, the sample size needed to obtain a certain level of precision is also lower. This is because a lower variability in the population means that the values in the sample are likely to be more similar, and therefore, fewer observations are needed to understand the overall characteristics of the population. This means that a smaller sample size can still provide reasonable assurance of the accuracy of the results, making it the best choice for reducing sampling costs while still maintaining an acceptable level of risk.

In a Classical Variables Sampling Application,the Sample Size Will Be