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