If the Type I Error (α)For a Given Test Is

question 80

Multiple Choice

If the Type I error (α) for a given test is to be decreased,then for a fixed sample size n

• A) the power of the test will increase.
• B) the Type II error (β) will increase.
• C) the Type II error (β) will also decrease.
• D) a one-tailed test must be utilised.

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Definitions:

Prudence

Exercising caution or care in the management of resources or decision-making to avoid unnecessary risks.

Loyalty

A strong feeling of support or allegiance to a person, group, or cause.

Constructive Trust

A legal remedy imposed by a court to address unjust enrichment, where a person holding title to property is deemed to do so for the benefit of another.

Implied Trust

An implied trust is created by the law as a presumption based on the intentions or actions of the parties involved, rather than by an explicit agreement.