Business Statistics Communicating with Numbers Study Set 2
A Type I Error Is Committed When We Reject the Null
A Type I error is committed when we reject the null hypothesis,which is actually true.
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A Type II error is made when we reject the null hypothesis and the null hypothesis is actually false.
For a given sample size,any attempt to reduce the likelihood of making one type of error (Type I or Type II)will increase the likelihood of the other error.
A hypothesis test regarding the population mean µ is based on the sampling distribution of the sample mean
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