You are determining the significance of the following: you set a 5% risk of assessing control risk to low and your computation of the upper deviation risk is 7%.What could you conclude?
A)There is a 95% chance the deviation rate is the population is less than 5%.
B)There is a 5% chance the deviation rate in the population is less than 7%.
C)There is a 95% chance the deviation rate in the population exceeds 95%.
D)There is a 5% chance the deviation rate in the population exceeds 7%.

Question

Quizplus · Accepted Answer

The upper deviation risk is 7%, which is greater than the 5% risk of assessing control risk to low. This means that there is a 5% chance that the deviation rate in the population exceeds 7%.

You Are Determining the Significance of the Following: You Set