A Type I Error Is Made in a Significance Test

question 38

True/False

A Type I error is made in a significance test when the researcher rejects the null hypothesis when it is actually true.

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Definitions:

Clayton Act Section 3

Part of U.S. antitrust law that prohibits exclusive dealings and tying arrangements where they may substantially lessen competition or tend to create a monopoly.

Tying Agreement

A commercial arrangement whereby the seller conditions the sale of one product on the buyer's agreement to purchase another, separate product.

Smith-Lever Act

A 1914 United States legislation that established a system of cooperative extension services, connected to the land-grant university system, to disseminate information about agriculture, home economics, public policy/government, leadership, 4-H, economic development, and many other related subjects.

Monopoly Power

The ability of a company or entity to control the market for a particular good or service, enabling them to set prices or terms of sale without competition.