Accepting the Null Hypothesis, When Null Should Have Been Rejected

question 29

Multiple Choice

Accepting the null hypothesis, when null should have been rejected causes the

• A) Type 1 error
• B) Type 2 error
• C) loss of degrees of freedom
• D) all of these, depending on the sample size

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Definitions:

Assembly Department

A division in a manufacturing plant where components are joined together to form a finished product.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, adjusting for the portion of those goods that is complete.

Process Costing

An accounting method used to allocate costs to units of output in industries where production is continuous and units are indistinguishable from each other.

Weighted-Average Method

A technique used in inventory valuation that averages the costs of all goods available for sale during the accounting period.