Suppose We Wish to Test H₀: μ = 45 Vs

question 28

Multiple Choice

Suppose we wish to test H₀: μ = 45 vs.H₁: μ > 45.What will result if we conclude that the mean is greater than 45 when the actual mean is 50?

• A)We have made a Type I error.
• B)We have made a Type II error.
• C)We have made both a Type I error and a Type II error.
• D)We have made the correct decision.

---

Definitions:

Instrumental Values

Core values or beliefs that guide individuals in achieving their life goals and objectives.

Managers

Managers are individuals responsible for planning, leading, organizing, and controlling resources, including human, financial, and informational, to achieve organizational goals.

Instrumental Value

The utility or usefulness of something in achieving a goal or fulfilling a purpose.

Utilitarian View

A perspective in ethics that holds that the best action is the one that maximizes utility, often defined as that which produces the greatest well-being of the greatest number of people.