Oh my god, no! 192Kbps (Kilo bit per second) means the song takes 192 Kilobit or 24 Kilobyte per second, no matter what encryption is used. The point of AAC is that it has better quality than MP3 at the same bitrate, or alternatively that you can use AAC at a lower bitrate with the same quality as MP3 at a higher bitrate.
192Kbps MP3 is about the same quality as 128Kbps AAC at 50% larger size. 192Kbps AAC has much higher quality than 192Kbps MP3 at exactly the same size. So the correct answer is:
"Thus a 192Kbps MP3 will be a larger file size that the same song at 128Kbps AAC, the quality of both files will be about the same. MP3 plays on any player, AAC plays on your computer and on an iPod until more manufacturers pull their fingers out and implement AAC."