Based on a 5% risk of assessing control risk too low, how would an auditor interpret a computed upper deviation rate of 7%?
A. There is a 5% chance that the deviation rate in the population is less than 7%.
B. There is a 5% chance that the deviation rate in the population exceeds 7%.
C. There is a 95% chance that the deviation rate in the population equals 7%.
D. The auditor is willing to accept a deviation rate of 7% before deciding not to rely on the control.
Answer: B
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