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Suppose that in reality the null hypothesis is true for this effect. In this case, what type of decision has been made in the above statement (correct, Type I error, or Type II error)?
Preexisting Duty
An obligation that a party is already legally bound to perform, which cannot serve as consideration for a new contract.
Bilateral Contract
A type of agreement involving two parties where each side promises to fulfill certain obligations to the other; a mutual exchange of promises.
Unilateral Contract
A type of contract in which only one party makes a promise or commitment in exchange for an act performed by the other party.
Illusory
Something that is misleadingly attractive or gives a false impression of reality.
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