Assume That a Hypothesis Test of the Given Claim Will

question 36

Multiple Choice

Assume that a hypothesis test of the given claim will be conducted. Identify the type I or type II error for the test
-A researcher claims that 62% of voters favor gun control. Identify the type II error for the test.

• A)The error of failing to reject the claim that the proportion favoring gun control is 62% when it is actually different than 62%.
• B)The error of rejecting the claim that the proportion favoring gun control is more than 62% when it really is more than 62%.
• C)The error of rejecting the claim that the proportion favoring gun control is 62% when it really is less than 62%.

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Definitions:

Capital

Assets or money owned by an individual or organization, or funds available for specific purposes like establishing a company or investment.

Stocks

Shares of ownership in a corporation, representing a claim on the company's assets and earnings.

Bonds

Financial securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which pays interest over time and returns the principal at maturity.

Forgoing Benefits

The benefits that are lost when choosing one alternative over another; also known as opportunity cost.