III. Assume that the Expected Population Deviation Rate is 2% for a control. The company is not publically traded, and thus, the auditor does not have to test controls. Even so, the auditor takes and evaluates a sample and concludes that the control is NOT acceptable. Assume that the population relating to the control consists of 10,000 items and that there are exactly 28 errors in the population. Based on the "population decision rule" discussed in class, was the decision (i.e. controls not acceptable) based on the sample correct? DISCUSS YOUR ANSWER. Show applicable calculations