The ________ Is the Probability of Rejecting the Null Hypothesis

question 44

Multiple Choice

The ________ is the probability of rejecting the null hypothesis when it is in fact false,and should be rejected.

• A)Type I error
• B)level of significance
• C)Type II error
• D)power of a test

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Definitions:

Economic Guidepost

Principles or indicators used to inform economic decisions and policies, guiding stakeholders through the complexities of economic systems.

Legislator

An individual who has the power to make, change, or repeal laws within a government.

Secondary Effects

Unintended consequences or outcomes that arise from a primary action or decision.

Unintended Consequences

Outcomes that are not the ones foreseen and intended by a purposeful action, often contrary to the original intentions.