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External environmental actions include
Type I Error Rate
The probability of rejecting a true null hypothesis, equivalent to the significance level of the test.
Type II Error
The mistake made by not rejecting an incorrect null hypothesis, often referred to as a false negative.
Gold Funds
Investment funds that focus on investing in gold and gold-related assets, offering a way to gain exposure to the price movements of gold.
Significance Level
The probability of rejecting the null hypothesis when it is actually true, used as a threshold in hypothesis testing.
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