If the Alternative Hypothesis Is True and H0 Is Not

question 9

Multiple Choice

If the alternative hypothesis is true and H0 is not rejected, then.

• A)a Type I error has occurred
• B)a Type II error has occurred
• C)a correct decision has occurred
• D)it is possible that both a Type I and Type II error have occurred

---

Definitions:

Net Income

The net income of a company, which is calculated by deducting all costs and taxes from the total revenue.

Incidental Costs

Minor or secondary costs that are associated with purchasing or manufacturing a product but not directly allocable to production costs.

Merchandise Inventory

Goods available for sale to customers, categorized as a current asset on a company's balance sheet.

Invoice Cost

The price of goods or services listed on an invoice, typically inclusive of fees and charges before any discounts.