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A "normal" value for days payable outstanding might be?
Type II Error
The error that occurs when a false null hypothesis is not rejected, also known as a "false negative."
Reducing
The process of decreasing or minimizing a quantity, dimension, or frequency.
Type I Error
The incorrect rejection of a true null hypothesis, also known as a "false positive."
Type II Error
The error that occurs when a statistical test fails to reject a false null hypothesis (a "false negative").
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