Using the Sign Test, If the Null Hypothesis Is False

question 18

Multiple Choice

Using the sign test, if the null hypothesis is false, then P (the probability of a plus) _________.

• A) equals 0.50
• B) equals alpha
• C) equals beta
• D) is not equal to 0.50

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Definitions:

Legal Assent

A promise to buy or sell that the courts will require that the parties obey.

Mutual Mistake

The result of an error by both parties about a material fact, i.e., one that is important in the context of a particular contract.

Fraudulent Misrepresentation

The act of intentionally making false statements to induce another party to enter into a contract, resulting in harm or damage.

Intentional Misrepresentation

Deliberate false statement by one party aimed at getting another party to enter into an agreement.