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In the past,the mean battery life for a certain type of flashlight battery has been 9.5 hours.The manufacturer has introduced a change in the production method and wants to perform a hypothesis test to determine whether the mean battery life has increased as a result.The hypotheses are:
: μ = 9.5 hours
: μ > 9.5 hours
Explain the result of a Type II error.
Least Likely
The option or outcome with the lowest probability of occurring in a given set of circumstances.
Industries
Sectors of the economy that involve the production or goods and services, each categorized based on a common business activity or process.
Subordinated Debt
A class of debt that ranks below other debts with regard to claims on assets or earnings in the case of liquidation or bankruptcy.
Warrants
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a security (usually equity) at a certain price before expiration.
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