In Inferential Statistics, Type I or Alpha Error Is

question 28

Multiple Choice

In inferential statistics, type I or alpha error is:

• A)failing to reject a null hypothesis that is actually false.
• B)a common error in calculating the correlation coefficient.
• C)increased by using a very stringent alpha level such as .001.
• D)none of the answers are correct.

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Definitions:

Rolls Forward

A process in accounting or financial planning where data or balances are brought forward from a previous period to the current one.

Manufacturing Overhead Budget

A detailed plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period.

Non-cash Charges

Expenses reported on the income statement that do not involve a direct cash outflow, such as depreciation or amortization.

Direct Materials Budget

A financial plan that estimates the cost of raw materials required for production.