Statisticians Recommend That the Power of a Test Equal _____,That

question 14

Multiple Choice

Statisticians recommend that the power of a test equal _____,that is,the probability that one will correctly reject a false null hypothesis.

• A) 5%
• B) 10%
• C) 50%
• D) 80%
• E) 95%

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Definitions:

Trade Balance

The difference between a country's exports and imports, indicating whether a country has a trade surplus or deficit.

Reduced

Describes a condition where something is made smaller in size, amount, or degree.

Balance Of Payments

A record of all transactions made between one particular country and all other countries during a specified period of time.

Balance

The difference between the total credits and total debits in an account, or the stability between opposing forces.