In a One-Tail Test for the Population Mean, If the Null

question 81

Short Answer

In a one-tail test for the population mean, if the null hypothesis is not rejected when the alternative hypothesis is true: $\begin{array}{|l|l|}\hline A.&\text { a Type I error is committed.}\\\hline B.&\text {a Type II error is committed. }\\\hline C.&\text {a correct decision is made. }\\\hline D.&\text { a two-tail test should be used instead of a one-tail test.}\\\hline \end{array}$

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

Percentage of Sales Method

A financial forecasting technique where future values such as budgets or debt levels are estimated based on a specified percentage of sales.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that are expected to not be collected due to customer defaults.

Accounts Receivable

Money owed to a company by customers for products or services that have been delivered but not yet paid for.