I Want to Test $H _ { 0 } : p = .7 \mathrm { vs. } H _ { \mathrm { a } } : p \neq .7$

question 44

Multiple Choice

I want to test $H _ { 0 } : p = .7 \mathrm { vs. } H _ { \mathrm { a } } : p \neq .7$ using a test of hypothesis. If I concluded that $p$ is $.7$ when, in fact, the true value of $p$ is not $.7$ , then I have made a________

• A) Type I and Type II error
• B) correct decision
• C) Type II error
• D) Type I error

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Definitions:

Secured Party

A lender or creditor who has an interest, typically a lien, in the collateral offered by the debtor in a secured transaction.

Collateral

Assets that a borrower offers to a lender to secure a loan, which the lender may seize in the event of loan default.

Intangibles

Assets that lack physical form but have value, such as intellectual property or goodwill.

Literary Rights

The legal rights of authors over their creations, such as books, articles, and songs, protecting them from unauthorized use.