A Test Of $H _ { 0 } : \mu = 61$

question 35

Multiple Choice

A test of $H _ { 0 } : \mu = 61$ versus $H _ { 1 } : \mu > 61$ is performed using a significance level of $\alpha = 0.05$ . The $P$ -value is $0.101$ . If the true value of $\mu$ is 61 , does the conclusion result in a Type I error, a Type II error, or a correct decision?

• A) Type I error
• B) Type II error
• C) Correct decision

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A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future.

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A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, used primarily in trading commodities or financial instruments.

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