Preventive Controls Are Passive Techniques Designed to Reduce Fraud

question 30

True/False

Preventive controls are passive techniques designed to reduce fraud.

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Definitions:

Level Of Confidence

The probability that the value of a parameter falls within a specified range of values, often related to confidence intervals in statistics.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values around the mean.

Sample Size

The number of observations or data points collected from a subset of a population for the purpose of statistical analysis.