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When you write your rent cheque on your credit union account and your landlord deposits it in her account at the Bank of Montreal,what will be the impact in the banking system?
Standard Errors
The standard deviation of the sampling distribution of a statistic, commonly used in estimating the margin of error.
Operating Characteristic Curve
A graph that shows the capability of a test to distinguish between different states, such as defective and non-defective items.
Type II Error
The statistical mistake of failing to reject a false null hypothesis, or the error of not detecting an effect or difference when one truly exists.
Type I Error
Incorrectly dismissing a true null hypothesis as false.
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