You Are Determining the Significance of the Following: You Set

question 37

Multiple Choice

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%.

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Definitions:

Horizontal Axis

In graphing, this is the x-axis, typically used to represent the independent variable or categories being compared.

Straight Line

A geometric figure formed by two points and extended infinitely in both directions.

Decreasing Rate

Describes a situation where the rate at which something happens or is done reduces over time.

Increasing Rate

A situation where the magnitude or quantity of something grows at a pace that accelerates over a given period of time.