Which of the Following Statements Is Not True If the Precision

question 46

Multiple Choice

Which of the following statements is not true if the precision interval for a sampling risk of 10 percent ranges from 60 to 70?

• A) A 10 percent probability exists that the true population value is less than 60 or more than 70.
• B) A 90 percent probability exists that the true population value is less than 60 or more than 70.
• C) The reliability is 90 percent.
• D) The precision is 5.

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Definitions:

Fraudulent

Acts that are intentionally deceitful or dishonest, typically for personal gain or to cause a loss to another.

Rescission

The cancellation of a contract to return the parties to their positions before the contract was made.

Opinion

A belief or judgment formed about something, not necessarily based on fact or knowledge.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.