Examlex
Which of the following is true of reviewed financial statements?
Type I Error
The mistake of rejecting the null hypothesis when it is actually true.
Null Hypothesis
The default hypothesis that there is no effect or no difference, and any observed effect is due to sampling variability.
Type I Error
The probability of rejecting the null hypothesis when it is actually true, also known as a false positive.
Type II Error
A statistical mistake of failing to reject a false null hypothesis; also known as a false negative.
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