For the Following Hypothesis Test Where H₀: ? ? 10 $\alpha$

question 148

Multiple Choice

For the following hypothesis test where H₀: ? ? 10 vs.H_a: ? > 10,we reject H₀ at level of significance $\alpha$ And conclude that the true mean is greater than 10 when the true mean is really 14.Based on this information we can state that we have:

• A)Made a Type I error
• B)Made a Type II error
• C)Made a correct decision
• D)Increased the power of the test
• E)Decreased the power of the test

---

Definitions:

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government.

Total Tax

The combined amount of all taxes owed by an individual or corporation in a given year, including federal, state, and local taxes.

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained within the business for reinvestment or to pay debt, rather than being distributed to shareholders as dividends.

Liability

A company's legal financial debts or obligations that arise during the course of business operations.