What is the difference between Type I error and Type II error?

What will be an ideal response?


ANS:
Type I error is the probability of rejecting a null hypothesis when it is true. Type II error is the probability of accepting a null hypothesis when it is false.

Business

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Past return refers to the

A. highest annual return that a security has produced in the past. B. mode of the annual returns that a security has produced in the past. C. average of the annual returns that a security has produced in the past. D. medianĀ of the annual returns that a security has produced in the past.

Business

The evaluation technique is a classification of a projective technique used in marketing research

Indicate whether the statement is true or false

Business

Pairwise deletion may be appropriate when the sample size is large

Indicate whether the statement is true or false

Business

Ryan Company purchased a machine on July 1 . 2013 . The machine cost $250,000 and has a salvage value of $10,000 and a useful life of eight years. The adjusting entry for the year ending December 31 . 2014, would include a debit to Depreciation Expense of

a. $30,000. b. $15,000. c. $31,250. d. $15,625.

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