Which of the Following Exchanges Is More Important Within the Financial

question 31

Multiple Choice

Which of the following exchanges is more important within the financial futures market?

• A)Amex Commodity Exchange
• B)New York Futures Exchange
• C)IMM of the Chicago Mercantile Exchange
• D)May be either (a)or (b)

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Definitions:

Type I Error

Wrongly dismissing a true null hypothesis, commonly called a "false positive."

Type II Error

The statistical error occurring when a test fails to reject a false null hypothesis, also known as a "false negative."

Type I Error

The mistake of rejecting a true null hypothesis, also known as a false positive.

Type II Error

The statistical error that occurs when one fails to reject a false null hypothesis, a mistake of not detecting an effect that is there.