The Next Questions Are Based on the Following Information

question 52

Multiple Choice

The Next Questions Are Based On The Following Information:
The dean of a business college in the Midwest claims that he can correctly identify whether a student is a finance major or a music industry management major by the way the student dresses.Suppose in actuality that he can correctly identify finance majors 84% of the time,while 16% of the time he mistakenly identifies a music industry management major as a finance major.Presented with one student and asked to identify the major of this student (who is either a finance or music industry management major) ,the dean considers this to be a hypothesis test with the null hypothesis being that the student is a finance major and the alternative that the student is a music industry management major.
-Which of the following statements illustrates a Type II error?

• A)Saying that the student is a music industry management major when in fact the student is a finance major.
• B)Saying that the student is a finance major when in fact the student is a finance major.
• C)Saying that the student is a finance major when in fact the student is a music industry management major.
• D)Saying that the student is a music industry management major when in fact the student is a music industry management major.

---

Definitions:

Black Swan Records

The first major African American-owned record label in the United States, founded in the early 1920s.

Lucrative Market

A market segment that offers the potential for significant profits.

Eubie Blake

An African American composer and pianist, notable for his contributions to the development of jazz and ragtime music.

Noble Sissle

An influential African-American jazz composer, lyricist, and band leader of the early 20th century, known for his collaboration with Eubie Blake.