Each of the Elements Within the Set of All Elements

question 19

Multiple Choice

Each of the elements within the set of all elements that comprise an account balance or a class of transactions is referred to as a ________.

• A)sampling unit
• B)sample
• C)population unit
• D)population

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Definitions:

Type II Error

The statistical error that occurs when a test fails to reject a false null hypothesis, also known as a "false negative."

Sample Size

Refers to the number of observations or data points collected in a sample from a population for the purpose of statistical analysis.

Level of Significance

The threshold chosen by the researcher which determines the probability at which the null hypothesis will be rejected, often denoted by alpha (α).

Operating Characteristic

A function or curve that describes the discriminating ability of a test across various conditions or thresholds.