Noise Makers Inc has the following inventory data: 
A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the average cost method, the value of ending inventory is
Definitions:
Type II Error
The error that occurs when a false null hypothesis is not rejected, also known as a "false negative".
Steroids
Steroids are organic compounds with four rings arranged in a specific molecular configuration, used both in medical treatment and illegally to enhance athletic performance.
Type II Error
The error that occurs when a statistical test fails to reject a false null hypothesis, mistakenly indicating that there is no effect or difference when there is.
Type I Error
The incorrect rejection of a true null hypothesis, also known as a "false positive."
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