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SCENARIO 9-2 a Student Claims That He Can Correctly Identify Whether a Whether

question 47

Multiple Choice

SCENARIO 9-2
A student claims that he can correctly identify whether a person is a business major or an agriculture major by the way the person dresses.Suppose in actuality that if someone is a business major,he can correctly identify that person as a business major 87% of the time.When a person is an agriculture major,the student will incorrectly identify that person as a business major 16% of the time.Presented with one person and asked to identify the major of this person (who is either a business or an agriculture major) ,he considers this to be a hypothesis test with the null hypothesis being that the person is a business major and the alternative that the person is an agriculture major.
-Referring to Scenario 9-2,what would be a Type II error?

Definitions:

Behavioral

Pertaining to actions or reactions of persons or groups in response to external or internal stimuli.

Urban University

An institution of higher learning located in an urban setting, often characterized by its engagement with city life and civic issues.

Segmentation Base

Criteria used to divide a market into distinct groups of buyers with different needs, characteristics, or behavior who might require separate products or marketing mixes.

Customer Lifetime Value

A projection of the total value a business will derive from their entire relationship with a customer, considering both revenues and costs over the customer's lifespan with the business.