Attorneys for Tigre Corp

question 15

True/False

Attorneys for Tigre Corp. and Swindal Co. are entering a structured settlement process whereby they conduct limited discovery and then present evidence to a panel of managers from each company as well as to a neutral retired judge. They are involved in an alternative dispute resolution technique known as a mini-trial.

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Definitions:

Type II Error

The statistical mistake of failing to reject a false null hypothesis, also known as a "false negative".

Type I Error

The incorrect rejection of a true null hypothesis, also known as a "false positive" finding.

β

Beta; often refers to the standardized coefficient in regression analyses, indicating the weight or importance of a variable.

Null Hypothesis

A statement made for statistical testing that assumes no effect or no difference between groups or variables being studied.