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Not Wanting to Risk Poor Sales for a New Soda

question 6

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Not wanting to risk poor sales for a new soda flavor, a company decides to run one more taste test on potential customers, this time requiring a higher approval rating than they had for earlier tests. This higher standard of proof will increase
I. the risk of Type I error II. the risk of Type II error III. power


Definitions:

Felsic Igneous Rock

Igneous rocks that are rich in silica and light in color, such as granite, characterized by minerals like quartz and feldspar.

Igneous Rock

A type of rock formed through the cooling and solidification of magma or lava, with examples including granite and basalt.

Gabbro

A medium- to coarse-grained mafic igneous rock, the phaneritic equivalent of basalt.

Feldspar

Feldspar is a group of abundant rock-forming minerals that are major components of igneous, metamorphic, and sedimentary rocks, characterized by their silicate structure.

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