Which of the Following Is a Type I Error

question 6

Multiple Choice

Which of the following is a Type I error?

• A) the null hypothesis is actually true, and the hypothesis test correctly fails to reject it
• B) the null hypothesis is actually false, but the test incorrectly fails to reject it
• C) the null hypothesis is actually false, and the test correctly rejects it
• D) the null hypothesis is actually true, but the hypothesis test incorrectly rejects it

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Definitions:

Sales Knowledge

The understanding and information a salesperson possesses regarding sales techniques, product details, market trends, and customer needs, crucial for effective selling.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Original Investment

The initial amount of money used to purchase an asset, start a business venture, or invest in a financial instrument.

Operating Business

An active entity engaged in commercial, industrial, or professional activities to generate profit.