For Which of These Strategies Used to Reduce the Probability

question 92

Multiple Choice

For which of these strategies used to reduce the probability of type II error are pragmatic concerns such as time and cost most relevant?

• A) using a directional (one-tailed) rather than non-directional (two-tailed) alternative hypothesis
• B) increasing sample size
• C) making it harder to reject the null hypothesis
• D) changing alpha

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Definitions:

Future Indicator

A measurable economic factor that changes before the economy starts to follow a particular pattern or trend, signaling future activities.

Supply-side Economics

An economic theory that suggests lower taxes and decreased regulation will stimulate the economy by increasing production.

Incentive

A factor, monetary or otherwise, that motivates individuals or entities to behave in a certain way.

Work

Physical or mental effort done in order to achieve a purpose or result, often related to employment or tasks.