You Complete a Hypothesis Test Using α =

question 11

Multiple Choice

You complete a hypothesis test using α = .05,and based on the evidence from the sample,your decision is to reject the null hypothesis.If the treatment actually has no effect,which of the following is true?

• A)You have made a Type I error.
• B)You have made a Type II error.
• C)You might have made a Type I error, but the probability is only 5% at most.
• D)You have made the correct decision.

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Definitions:

Service Revenues

Income earned by a company for the services it provides to customers, excluding goods sold.

Owner's Drawing

Refers to the withdrawal of cash or other assets from a business by the owner for personal use.

Owner's Investment

The total amount of money or assets that an owner puts into his or her business.

Equipment

Physical assets used in the operation of a business to produce goods or services.