When One Speaks of 20% of Something Contributing 80% of the Affect

question 75

Multiple Choice

When one speaks of 20% of something contributing 80% of the affect they are referring to what is known as the _________________.

• A) Shewhart Example
• B) Pareto Principle
• C) Balance Equation
• D) Connection Principle

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Definitions:

Power

The ability of a statistical test to detect an effect if the effect actually exists.

Type II Error

The error that occurs when failing to reject a false null hypothesis, also known as a false negative.

Type I Error

occurs when a true null hypothesis is incorrectly rejected in a statistical test.

Test Power

The probability that a statistical test will correctly reject the null hypothesis when it is false, indicating a test's effectiveness.