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What are Cumulative Risks?
Cumulative risks are risks that increase with each added risk.
What combination of factors produces the smallest risk of a type 1 error?
A combination of factors increase the risk of a Type 1 error. Giving the wrong amount or wrong diagnosis for a wrong drug would certainly increase an error.
Does the risk of teenage drivers increases with one two or three or more passengers?
A single teenage driver is a priori a menace, and all risks increase as soon as you start adding passengers.
What is a negative risk?
A negative risk is something that is a bad or dangerous risk to take.
What is the Relationship between Acceptable risks of assessing control risk too low and sample size?
Acceptable Risk of Assessing Control Risk too Low (ARACR) is inversely related to Sample Size. Consider this: If we do not want to allow any room for error in judgment (meaning we lower the ARACR), we must increase the sample size to ensure our results have a smaller margin of error. (Source: "Auditing and Assurance," 14th ed., Arens Elder Beasley, 491)
