A Typical Statement in Actual Practice Is That Estimates Should

question 70

Multiple Choice

A typical statement in actual practice is that estimates should have a probability of being met ______ of the time.

• A)100%
• B)98%
• C)95%
• D)90%
• E)80%

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Definitions:

Type II Error

Occurs when a statistical test fails to reject a false null hypothesis, also known as a false negative.

Null Hypothesis

A hypothesis that states there is no statistical significance between the two variables in the hypothesis. It posits no effect or no difference as a default stance to be tested against.

Alternative Hypothesis

A statement that contradicts the null hypothesis and proposes that there is a statistically significant relationship between two variables.

Null Hypothesis

A default statement that there is no effect or no difference, often used as a starting assumption in statistical hypothesis testing.