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:

Holder

A person who is in possession of a negotiable instrument that is issued or indorsed to that person’s order or to bearer.

Negotiable Instrument

A written document that is signed by the maker or drawer and that contains an unconditional promise or order to pay a certain sum of money on delivery or at a definite time to the bearer or to order.

Holder in Due Course

A legal term describing a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims.