A Test Of $H _ { 0 } : \mu = 53$

question 25

Multiple Choice

A test of $H _ { 0 } : \mu = 53$ versus $H _ { 1 } : \mu < 53$ is performed using a significance level of $\alpha = 0.01$ . The $P$ -value is $0.046$ .
If the true value of $\mu$ is 46 , does the conclusion result in a Type I error, a Type II error, or a correct decision?

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

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Definitions:

Approach

A method or strategy used in starting something, such as initiating a conversation, project, or a sales pitch.

Problem-Solution Sales Presentation

A problem-solution sales presentation is a sales approach where the seller identifies and highlights a problem the prospective buyer has and presents their product or service as the solution.

Sales Approach

A method or strategy used by salespeople to introduce and sell a product or service to potential customers.

Reciprocity

An agreement whereby a person or organization buys a product if the person or organization selling the product also buys a product from the first party.