In Setting the Level of Significance If Costs Associated with Type

question 64

Multiple Choice

In setting the level of significance if costs associated with type 1 error are

• A) high and a type 2 error is not costly set the level of significance very low
• B) high and a type 2 error is not costly set the level of significance very high
• C) not very high and a type 2 error is costly set the level of significance very low
• D) not very high and a type 2 error is not costly set the level of significance much higher

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Definitions:

Format Cells

The process of adjusting a cell's appearance or data type in a spreadsheet application.

Goal Seek Button

A tool in spreadsheet software that allows the user to find the input value needed to achieve a desired output by changing one variable.

System Date

The current date according to the operating system of a computer or device.

Increase Indent

A formatting option in text editors that moves the line or paragraph further away from the margin, typically used to show hierarchical relationships.