You Are Determining the Significance of the Following: You Set

question 102

Multiple Choice

You are determining the significance of the following: you set a 5% risk of assessing control risk too low and your computation of the upper deviation risk is 7%. What could you conclude?

• A) There is a 95% chance the deviation rate in 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%.

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Definitions:

Inequality

The unequal distribution of resources, rights, and opportunities among individuals or groups within a society.

Class Consciousness

Awareness of one's own social class position and the collective interests of that class.

Industrial Capitalism

An economic system characterized by private or corporate ownership of capital goods and the production of goods and services for profit within an industrial framework.

Social Classes

Categories of individuals in a society who share similar socioeconomic positions and cultural norms.