Suppose We Wish to Test H₀: μ ≤ 47 Versus

question 60

Multiple Choice

Suppose we wish to test H₀: μ ≤ 47 versus H₁: μ > 47. What will result if we conclude that the mean is greater than 47 when its true value is really 52?

• A) We have made a Type I error.
• B) We have made a Type II error.
• C) We have made a correct decision.
• D) None of the above are correct.

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Definitions:

Quantitative Management

An approach that focuses on decision-making, efficiency, and effectiveness through the use of mathematical models, statistics, and numerical analysis.

Mathematical Techniques

Methods derived from mathematical principles used to solve problems in various fields such as economics, engineering, and physics.

Contingency Thinking

Thinking that tries to match management practices with situational demands.

Responses

Reactions or replies provided in answer to questions, actions, or stimuli, which can vary widely depending on the context and the individual.