A School Administrator Finds No Statistically Significant Difference in Learning

question 18

Multiple Choice

A school administrator finds no statistically significant difference in learning whether students are taught by computer or by books.She decides not to spend money on new computer equipment.Later, she finds that a neighboring district is very successful in implementing computer technology.

• A) She may have committed a Type I error.
• B) She may have committed a Type II error.
• C) A Type I and Type II error may have occurred.
• D) No error is possible in this situation.

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Definitions:

Depreciable Cost

The cost of a plant asset less its salvage value.

Remaining Useful Life

The expected period that an asset is anticipated to be functional and economically viable for use in operations.

Book Value

The value of a company's asset as it appears on the balance sheet, calculated by subtracting the asset's accumulated depreciation from its cost.

Fair Market Value

The price at which an asset would sell in the market under conditions of fair competition and sufficient information.