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Which of the following was the result on appeal in Manderville v. PCG&S Group, Inc., the case in the text in which the defendant property broker claimed that the plaintiffs could not recover on their claim for intentional misrepresentation because the plaintiffs did not diligently investigate the legal condition of the property and also because the agreement between the parties contained an exculpatory clause releasing the defendant from any understandings not incorporated into the contract?
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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