Examlex
Amohalko Consulting is an independent consulting firm specializing in offering financial advice to companies in need. Amohalko operates in an independent contractor fashion, providing name recognition to consultants as well as basic needs such as office space and computers but nothing much past that. Amohalko Consulting has been losing business over the last three quarters and the average stay of a consultant is less than one year. Most likely, Amohalko Consulting is suffering from which problem?
Type II Error
A statistical error made when failing to reject a false null hypothesis, also known as a false negative.
Null Hypothesis
is a default hypothesis that there is no significant difference or effect.
Alternative Hypothesis
The alternative hypothesis proposes that there is a statistically significant difference between data sets or effects, contrary to the null hypothesis.
Type II Error
The statistical error that occurs when a test fails to reject a false null hypothesis, also known as a "false negative" finding.
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