The Question Below Refers to the Following Situation

question 28

Multiple Choice

The question below refers to the following situation:
A researcher is interested in the relationship between political party affiliation (Democrat Or Republican) and support for a woman's right to choose (Pro-Choice) . In order to do this She uses a standardized measure for determining support for Pro-Choice. The higher the Person scores on the measure, the greater is his or her support for Pro-Choice.
If the researcher fails to find a significant difference, when in fact one exists in the Population:

• A)a Type 1 error has been made.
• B)a Type 2 error has been made.
• C)the null hypothesis was correctly rejected.
• D)the research hypothesis was correctly accepted.

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Definitions:

Inflation Rate

The rate expressed in percentage terms showing the increase in prices for goods and services, leading to a reduction in buying power.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to assess price changes associated with the cost of living.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis by an employer to an employee, especially a professional or white-collar worker.

Real Interest Rates

The rate of interest an investor expects to receive after allowing for inflation, reflecting the true cost of borrowing and the true yield on savings.