In the past, 44% of those taking a CPA qualifying exam pass the exam on their first try. With the many preparatory classes and online tutorials, the success rate of first time test takers may have increased. A random sample of 250 test takers found 52% that had passed on their first attempt. A. Has the success rate of first time takers of the exam improved? Test using a .01 level of significance. B. Based on your decision in part A, what type of error might you have made, and give a potential consequence if this error were to occur.

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