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The dean of a business college in the Midwest claims that he can correctly identify whether a student is a finance major or a music industry management major by the way the student dresses.Suppose in actuality that he can correctly identify finance majors 84% of the time,while 16% of the time he mistakenly identifies a music industry management major as a finance major.Presented with one student and asked to identify the major of this student (who is either a finance or music industry management major) ,the dean considers this to be a hypothesis test with the null hypothesis being that the student is a finance major and the alternative that the student is a music industry management major.
-Which of the following statements illustrates a Type I error?
A) Saying that the student is a music industry management major when in fact the student is a finance major.
B) Saying that the student is a finance major when in fact the student is a finance major.
C) Saying that the student is a finance major when in fact the student is a music industry management major.
D) Saying that the student is a music industry management major when in fact the student is a music industry management major.
Correct Answer:
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