An Entomologist Writes an Article in a Scientific Journal Which $6 \%$

question 9

Multiple Choice

An entomologist writes an article in a scientific journal which claims that fewer than $6 \%$ of male fireflies are unable to produce light due to a genetic mutation. Identify the Type I error in this context.

• A) The error of failing to reject the claim that the true proportion is at least \(6 \%\) when it is actually less than \(6 \%\).
• B) The error of rejecting the claim that the true proportion is less than \(6 \%\) when it really is less than \(6 \%\).
• C) The error of accepting the claim that the true proportion is at least \(6 \%\) when it really is at least \(6 \%\).
• D) The error of failing to accept the claim that the true proportion is at least \(6 \%\) when it is actually less than \(6 \%\).
• E) The error of rejecting the claim that the true proportion is at least \(6 \%\) when it really is at least \(6 \%\).

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Definitions:

Perpetual Inventory

An inventory management system that continuously updates the quantity and value of inventory in real-time with every sale or purchase.

GAAP

Known as Generally Accepted Accounting Principles, these are the standard rules and guidelines followed in accounting for financial reporting.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines that govern how company's financial statements are prepared.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specified periods rather than continuously.