If a Study Has an Alpha of 0

question 20

Multiple Choice

If a study has an alpha of 0.05 and a power of 0.80 you know the chance of making a type II error is:

• A) 80%
• B) 20%
• C) 5%
• D) Unable to determine

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Definitions:

Firm A

Placeholder name commonly used to refer to a hypothetical or specific company in economic models or discussions.

Emissions Tax

A tax imposed on the emission of pollutants, aimed at reducing environmental harm.

Optimal Tax

A tax system designed to achieve the best balance between efficiency and equity.

Marginal Social Benefit

The supplementary gain for society derived from the consumption of one extra unit of a good or service.