In Order to Be 99% Confident You Have Not Committed

question 49

Multiple Choice

In order to be 99% confident you have not committed a Type I error, at what level should you set your p value?

• A).01
• B).05
• C).10
• D).15

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Definitions:

Balance Of Trade

The difference between a country's exports and imports of goods, without including services.

Goods Exports

Refers to the selling and shipment of tangible products from one country to another, contributing to a nation’s gross domestic exports.

Goods Imports

The process of bringing goods from foreign countries into one’s own country for use or sale.

Balance Of Payments

A record of all financial transactions made between consumers, businesses, and the government in one country with others.