"I Believe Your Airplane's Engine Is Sound," States the Mechanic

question 62

Multiple Choice

"I believe your airplane's engine is sound," states the mechanic. "I've been over it carefully, and can't see anything wrong. I'd be happy to tear the engine down completely for an internal inspection at a cost of $1,500. But I believe that roughness you heard in the engine on your last flight was probably just a bit of water in the fuel, which passed harmlessly through the engine and is now gone." As the pilot considers the mechanic's hypothesis, the cost of Type I error is:

• A)the pilot will experience the thrill of no-engine flight.
• B)the pilot will be out $1,500 unnecessarily.
• C)the mechanic will lose a good customer.
• D)impossible to determine without knowing α.

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Definitions:

Taft-Hartley

Refers to the Taft-Hartley Act, a 1947 federal law that restricts the activities and power of labor unions in the United States.

Wagner Act

A foundational statute in United States labor law that protects the rights of workers to form unions and engage in collective bargaining.

Wagner Act

Also known as the National Labor Relations Act of 1935; a foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Collective Bargaining

The process by which employers and unions negotiate the terms of employment, including wages, hours, and working conditions.