A False Positive Error Is Also Known as A

question 44

Multiple Choice

A false positive error is also known as a:

• A)type I error.
• B)type II error.
• C)false alarm.
• D)both a type 1 error and a false alarm.

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Definitions:

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Economic Growth

A rise in the economic power to produce goods and services when comparing distinct periods.

Capital Formation

The process of accumulating assets and investments that are used for future production or economic growth.