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Consider the following set of flowcharting symbols along with the case as you respond to the question: When the CEO of NTL Corporation resigned, the board of directors hired a recruitment firm to look for a replacement.The recruitment firm prepared several job announcements, then presented them to the board of directors.The board of directors approved one of the job announcements; the recruitment firm used it to advertise the position on the Internet and in relevant newspapers and professional publications.After receiving several applications, the recruitment firm selected a pool of ten to pass on to NTL's board of directors.The board of directors, with the assistance of the recruitment firm, went through three rounds of interviews, narrowing the pool from ten to three.Each of the three finalists prepared a presentation on the strategic future of NTL and delivered the presentation at a meeting of NTL shareholders.The board of directors then made the final choice for a new CEO. A systems flowchart of the case would represent the final decision of the board of directors with:
Type II Error
The error that occurs when a statistical test fails to reject a false null hypothesis; also known as a "false negative."
True Null Hypothesis
The assumption or premise that there is no effect, difference, or relationship between the variables being studied, which might be rejected or not rejected based on statistical analysis.
Rejecting
In statistical hypothesis testing, the act of concluding that the null hypothesis is unlikely given the data, often signaled by a test statistic that falls outside a specified significance level.
Type II Error
The error that occurs when a false null hypothesis is not rejected.
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