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.

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Definitions:

State Law

denotes the legal provisions and statutes enacted by a state's legislative body, governing within that state's jurisdiction.

Consumer Arbitration Clause

A provision in a contract that requires disputes to be resolved through arbitration rather than litigation in court, often found in consumer agreements.

Class-Action Basis

A lawsuit where a group of people with similar grievances combine their complaints into a single lawsuit against a defendant, alleging common law violations.

Malpractice Case

A legal case brought against a professional, such as a doctor or lawyer, for negligence or incompetence.